|Bid||41.52 x 1200|
|Ask||41.56 x 800|
|Day's Range||41.48 - 42.45|
|52 Week Range||36.65 - 51.55|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||37.08|
|Earnings Date||Sep 30, 2019 - Oct 4, 2019|
|Forward Dividend & Yield||0.86 (2.04%)|
|1y Target Est||41.67|
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...
(Bloomberg) -- The U.S. egg industry has an oversupply issue, and prices are so unprofitable that Cal-Maine, the biggest U.S. producer, posted its first net loss in six quarters.But prices may be near, if not at, their lowest. Producers are losing money, and that’s going to force farms to make adjustments and shrink output, said Cal-Maine’s Chief Financial Officer Max Bowman.“The market has got to react,” he said by telephone, adding that such low prices can’t go on long. “Hopefully, we’ve found a bottom, and we’ll begin to pick up a bit.”The number of hens in the U.S. are near a record high, and they are more productive than ever. Average market prices fell by more than half from a year ago in the Southeast, Cal-Maine Foods Inc. said in a statement Monday. Prices could continue to see pressure through calendar 2019 if egg supplies continue their growth trend, the statement said.Even with the dismal pricing of commodity eggs, Cal-Maine, the consolidator in the industry, hasn’t seen a big increase in opportunities for deals. However, the company has been in some deal discussions.“We are seeing some possibilities, and it’s clear a lot of people in the industry are hurting right now,” Bowman said.“We’re always having some level of discussion with somebody,” he said. “You’ve got a lot of small players, and we’ve been a consolidator.”A lack of trade agreements for the U.S. with key partners has also been having an impact on egg prices, Bowman said, with exports in the first half down 12%. A global glut is also weighing on world prices. However, American prices may be cheap enough now to stimulate purchases from foreign buyers, he said.Volatile feed costs are also on the horizon, Chief Executive Officer Dolph Baker said in the statement. Wild weather, including one of the wettest planting seasons on record, has dimmed the grain-supply outlook.“We expect our feed costs to be more volatile and potentially higher in fiscal 2020,” Baker said.Shares fell 0.9% to close at $39.04 in New York. The price earlier dropped as much as 6.8% to $36.70, the biggest intraday loss since October.Cal-Maine reported a 41 cent net loss compared with the average analyst estimate of 31 cents. Sales also missed at $280.6 million compared with a $294.5 million average estimate. The Jackson, Mississippi-based company won’t be paying a dividend for the quarter.The average price of a dozen eggs at retail costs $1.203 in the U.S., according to government data. That’s down 26% from a year earlier.\--With assistance from Dominic Carey.To contact the reporter on this story: Lydia Mulvany in Chicago at email@example.comTo contact the editors responsible for this story: James Attwood at firstname.lastname@example.org, Millie Munshi, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Cal-Maine Foods (NASDAQ: CALM ) on Monday reported fourth-quarter losses of 41 cents per share, which missed the analyst consensus estimate of 29 cents by 41.38%. This is a 127.7% decrease over earnings ...
Cal-Maine Foods Inc. shares fell 3.4% in premarket trade Monday, after the egg producer posted a wider-than-expected loss for its fiscal fourth quarter amid oversupply of eggs. Jackson, Miss-based Cal-Maine said it had a loss of $19.8 million, or 41 cents a share, in the quarter to June 1, after net income of $71.8 million, or $1.48 a share, in the year-earlier period. Sales fell 36.7% to $280.6 million from $443.1 million. The FactSet consensus was for a loss of just 27 cents and sales of $297 million. "Our disappointing results for the fourth quarter reflect more challenging market conditions," Chief Executive Dolph Baker. The average market price in the Southeast for conventional eggs dropped 52.0% in the quarter from the year-earlier, and was down 17.1 percent for the year, he said. "The unfavorable supply and demand balance and anticipated future egg supply growth trends have continued to affect market prices and our business." The USDA reported a near record high of 341.5 million hens as of April 1, about 2.9 million more than a year ago. Cal-Maine shares have fallen 6.9% in 2019, while the S&P 500 has gained 18.7%.
Egg producer Cal-Maine Foods , just laid, well, an egg. Its earnings and revenue weren't expected to be that great, but even so investors were disappointed with the fiscal fourth-quarter performance of the company. It reported a quarterly loss of 41 cents a share, 8 cents wider than the expected 33 cent loss.
Cal-Maine Foods, Inc. today announced that the Company will release its fourth quarter and fiscal 2019 financial results on Monday, July 22, 2019. A press release will be issued prior to the open of market trading.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of March 31. The results of that effort will be put on display in this article, as […]
U.S. stock futures were higher on Monday, following a third consecutive weekly gain for the three major Wall Street benchmarks, as investors looked to the upcoming G-20 summit in Osaka, Japan, for a breakthrough in U.S.-China trade talks. China's state-run Xinhua news agency confirmed for the first time Sunday that President Xi Jinping will attend the two-day summit, which begins Friday, and is expected to meet with his counterpart Donald Trump for the first time since trade talks broke down in early May and after the U.S. increased tariffs on China-made imports.
Today we will run through one way of estimating the intrinsic value of Cal-Maine Foods, Inc. (NASDAQ:CALM) by taking...
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Cal-Ma...
At Insider Monkey we track the activity of some of the best-performing hedge funds like Appaloosa Management, Baupost, and Tiger Global because we determined that some of the stocks that they are collectively bullish on can help us generate returns above the broader indices. Out of thousands of stocks that hedge funds invest in, small-caps […]
Cal-Maine Foods, Inc. today announced that management will participate in the 23rd Annual Burkenroad Reports Investment Conference hosted by Tulane University’s Freeman School of Business on Friday, April 26, 2019, at The Sheraton New Orleans Hotel, New Orleans, Louisiana.
As a result, the GuruFocus All-in-One Screener found some companies that benefit from Easter celebrations with at least one-star business predictability ratings as of April 19 included Cal-Maine Foods Inc. (CALM), The Hershey Co. (HSY), 1-800-Flowers.com Inc. (FLWS) and Tyson Foods Inc. (TSN). Warning! GuruFocus has detected 2 Warning Signs with CALM. The Peter Lynch chart shows the stock is trading above its fair value, suggesting it is slightly overpriced.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! In 2010 Dolph Baker was appointed CEO of Cal-Maine Foods, Inc. (NASDAQ:CALM). First, this article will compare CEO...
Cal-Maine Foods earnings for the company's fiscal third quarter of 2019 have CALM stock heading lower on Monday.Source: Shutterstock Cal-Maine Foods (NASDAQ:CALM) reported earnings per share of 82 cents for its fiscal third quarter of the year. This is down from the company's earnings per share of $1.26 from the same time last year. It does come in above Wall Street's earnings per share estimate of 42 cents for the quarter, but couldn't keep CALM stock from falling today.The Cal-Maine Foods earnings report for its fiscal third quarter of 2019 also includes net income of $39.77 million. This is a drop from the company's net income of $96.29 million reported in its fiscal third quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCal-Maine Foods earnings for its fiscal third quarter of the year has operating income coming in at $38.19 million. The company's operating income from the same period of the year prior was $76.20 million.Revenue reported by Cal-Maine Foods for its fiscal third quarter of 2019 comes in at $383.99 million. This is worse than the company's revenue of $435.82 million from its fiscal third quarter of 2018. However, it is better than Wall Street's revenue estimate of $370.76 million for the period, but CALM stock is still down today. * The Elite 8 Stocks to Buy for Massive Outperformance The most recent Cal-Maine Foods earnings report also includes news of a cash dividend for investors in CALM stock. The company is paying a dividend of 27.20 cents per share to holders of CALM stock. This dividend will be payable May 16, 2019, to holders of record as of May 1, 2019.CALM stock was down 3% as of Monday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Cal-Maine Foods Earnings: CALM Stock Lower Despite Earnings Beat appeared first on InvestorPlace.
beat Wall Street's third-quarter earnings and sales expectations due to continued growth in the company's specialty egg business. The Jackson, Mississippi-based company reported earnings of $39.8 million, or 82 cents a share, down from $96.3 million, or $1.99 a share, a year ago, but beat FactSet's consensus estimate of 50 cents a share. Dolph Baker, chairman and CEO, said in a statement that the results were supported by favorable demand trends and continued growth in the company's specialty egg business.
Cal-Maine Foods CALM — The egg producer reported quarterly profit of 82 cents per share, well above the consensus estimate of 43 cents a share. Kellogg K — Kellogg is near a deal to sell its Keebler and Famous Amos brands to Italy-based Ferrero for up to $1.5 billion, according to sources who spoke to CNBC. Activision Blizzard ATVI — Wedbush added the video-game maker's stock to its "Best Ideas" list, saying it's positioned to deliver significant outperformance over the next two years.