|Bid||43.22 x 800|
|Ask||43.32 x 800|
|Day's Range||41.51 - 43.63|
|52 Week Range||39.90 - 52.30|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||10.36|
|Earnings Date||Sep 10, 2018 - Sep 17, 2018|
|Forward Dividend & Yield||0.58 (1.33%)|
|1y Target Est||41.00|
Today we'll evaluate Cal-Maine Foods, Inc. (NASDAQ:CALM) to determine whether it could have potential as an investment idea. Specifically, we'll consider its Return On Capital Employed (ROCE), since that will Read More...
Stocks broadly closed at their lows for the session, after a failed attempt at a rally just before midday. The ISM Manufacturing survey did not help one bit, and seemed to confirm what we already knew after the regional Fed manufacturing surveys poured in from New York, Richmond, Kansas City and Dallas. Had a global economic slowdown finally come home to roost?
Cal-Maine Foods Inc. reported a fiscal second-quarter profit that beat expectations but sales that missed, as "less favorable market conditions" led to less eggs sold and at lower prices. The stock was still inactive in premarket trade. The egg producer swung to net earnings of $21.8 million, or 45 cents a share, for the quarter to Dec. 1, from a loss of $26.1 million, or 54 cents a share, in the same period a year ago. Excluding non-recurring items, such as charges for legal settlements, adjusted earnings per share came to 49 cents, above the FactSet consensus of 48 cents. Sales fell to $356.0 million from $361.2 million, while the FactSet consensus was for a rise to $362.9 million. Dozen eggs sold declined to 262.3 million from 263.1 million, the net average selling price per dozen slipped to $1.311 from $1.321 and feed cost per dozen rose to 41.5 cents from 38.8 cents. "Per capita egg consumption is up near historical levels, but supply concerns appear to be affecting market prices," said Chief Executive Dolph Baker. "Hen numbers are forecasted to continue trending upwards for the next several months, which may continue to affect market prices into 2019." The stock has slipped 4.8% over the past three months, while the S&P 500 has dropped 16%.
On a per-share basis, the Jackson, Mississippi-based company said it had profit of 45 cents. Earnings, adjusted for non-recurring costs, were 49 cents per share. The egg producer posted revenue of $356 ...
Continued stock market turmoil could finally make the precious metal a winner again. Plus, key events for the week of Monday, Dec. 31, through Friday, Jan. 4
Cal-Maine Foods, Inc. today announced that the Company will release its second quarter fiscal 2019 financial results on Friday, January 4, 2019. A press release will be issued prior to the open of market trading.
At Insider Monkey, we pore over the filings of more than 700 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of September 30. In […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Cal-Maine Foods, Inc. (CALM) today announced that it has closed the previously announced acquisition of substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. The acquired assets include commercial egg production and processing facilities with current capacity for approximately 600,000 laying hens, a feed mill, and related production and distribution facilities located near Marion, Texas. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally enhanced eggs.
The largest insider buys this week were for Salesforce.com Inc., DISH Network Corp, Thor Industries Inc. and Cal-Maine Foods Inc.
Cal-Maine Foods (CALM) inks deal to acquire the egg production, processing, sales and distribution business of Featherland Egg Farms.
Cal-Maine Foods, Inc. (CALM) today announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. The assets to be acquired, subject to the completion of this transaction, include commercial egg production and processing facilities with current capacity for approximately 600,000 laying hens, a feed mill, and related production and distribution facilities located near Marion, Texas. The Company expects to close the transaction in the next few weeks.
Cal-Maine Foods, Inc. (CALM) today announced that Max P. Bowman has been named vice president and chief financial officer, effective October 5, 2018. Bowman was also elected to the Company’s Board of Directors at the annual meeting of shareholders held today in Jackson. Bowman will replace Tim Dawson, whose planned retirement from the Company was effective today.
Cal-Maine Foods Inc., the biggest U.S. producer and distributor, said lower prices may be coming as there will be more chickens to lay eggs. Soybean meal, which chickens eat, contributed to a 10 percent jump in the company’s feed costs, according to the statement. While U.S. farmers are currently harvesting what’s expected to be a record soybean crop, prices are volatile due to a trade war raging with China, the biggest buyer of the oilseed.
GE removed John Flannery as CEO and installed Lawrence Culp as his successor and chairman. Pfizer PFE – CEO Ian Read will step down at the end of the year and become executive chairman. Chief operating officer Albert Bourla will reportedly succeed Read as CEO on January 1.
The Jackson, Mississippi-based company said it had net income of 26 cents per share. The egg producer posted revenue of $340.6 million in the period. Cal-Maine shares have risen roughly 9 percent since ...
Cal-Maine Foods, Inc. today announced that the Company will release its first quarter fiscal 2019 financial results on Monday, October 1, 2018. A press release will be issued prior to the open of market trading.