|Bid||35.49 x 1000|
|Ask||38.03 x 800|
|Day's Range||37.78 - 39.09|
|52 Week Range||36.65 - 47.00|
|Beta (5Y Monthly)||0.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 29, 2020 - Apr 02, 2020|
|Forward Dividend & Yield||0.86 (2.19%)|
|Ex-Dividend Date||Apr 29, 2019|
|1y Target Est||42.75|
It's been a sad week for Cal-Maine Foods, Inc. (NASDAQ:CALM), who've watched their investment drop 11% to US$38.03 in...
Shares of Cal-Maine Foods Inc. tumbled 10.5% in premarket trading Monday, after the egg producer swung to a surprise loss and sales fell more than expected, citing lower average selling prices and weakness in the Southeast market. The net loss for the quarter to Nov. 30 was $10.1 million, or 21 cents a share, after a profit of $21.8 million, or 45 cents a share, in the year-ago period. The FactSet consensus was for earnings per share of 3 cents. Sales fell 12.5% to $311.5 million, below the FactSet consensus of $324.1 million. Average sales price fell 11.5%, due to an "unfavorable balance of egg supply and demand, as hen numbers reported by the U.S. Department of Agriculture increased by 4.6 million to 340.5 million. The Southeast large market average price for conventional eggs dropped 12.7%. Average selling prices of specialty eggs fell 4.1%; sales of specialty eggs represented 36.0% of total sales, compared with 35.0% a year ago. "During the second quarter of fiscal 2020, we lost a portion of our sales of non-specialty eggs to a major customer in the Southeast region, representing 4.6 percent of total shell egg dozens and 6.1 percent of non-specialty egg dozens for fiscal 2019," said Chief Executive Dolph Baker. The stock, on track to open at the lowest price seen during regular-session hours since Oct. 7, has rallied 11.8% over the past three months through Friday but has lost 2.6% over the past 12 months, while the S&P 500 has run up 27.8% the past year.
The Consumer Electronics Show, or CES, runs most of this week. Earnings are expected from Walgreens, Constellation Brands, and Lennar. And Friday brings December employment data.
Dolph Baker became the CEO of Cal-Maine Foods, Inc. (NASDAQ:CALM) in 2010. First, this article will compare CEO...
Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company will release its second quarter fiscal 2020 financial results on Monday, January 6, 2020. A press release will be issued prior to the open of market trading.
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
Cal-Maine Foods, Inc. (CALM) today announced that it has closed the previously announced acquisition of certain assets of Mahard Egg Farm, relating to its commercial shell egg production, processing, distribution and sale of shell eggs business. The acquired assets include commercial shell egg production and processing facilities with current capacity for approximately 3.9 million laying hens and permitted capacity for up to 8.0 million laying hens, a feed mill, pullets and related production facilities located in Chillicothe, Texas, and Nebo, Oklahoma, and a distribution warehouse located in Gordonville, 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.
Cal-Maine Foods, Inc. today announced that management will participate in the Stephens 2019 Fall Investment Conference to be held November 13-15, 2019, at The Omni Hotel in Nashville, Tennessee.
While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]
Cal-Maine Foods, Inc. (CALM) today announced that it has reached a definitive agreement to acquire substantially all of the assets of Mahard Egg Farm, relating to its commercial shell egg production, processing, distribution and sale of shell eggs business. The assets to be acquired, subject to the completion of this transaction, include commercial shell egg production and processing facilities with current capacity for approximately 3.9 million laying hens and permitted capacity for up to 8.0 million laying hens, a feed mill, pullets and related production facilities located in Chillicothe, Texas, and Nebo, Oklahoma, and a distribution warehouse located in Gordonville, Texas. The Company expects to close the transaction in the next few weeks.
Cal-Maine Foods Inc (NASDAQ: CALM ) posted a first-quarter loss Monday of 94 cents per share, which missed the analyst consensus estimate of an 89-cent loss by 5.62%. This is a 461.54% decrease over earnings ...
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