Media headlines about Cal-Maine Foods (NASDAQ:CALM) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cal-Maine Foods earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.3944827296032 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Cal-Maine Foods (NASDAQ CALM) opened at $47.45 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.14 and a current ratio of 6.67. Cal-Maine Foods has a 12 month low of $33.40 and a 12 month high of $50.40.
Cal-Maine Foods (NASDAQ:CALM) last posted its earnings results on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.18). The business had revenue of $262.80 million during the quarter, compared to analysts’ expectations of $265.50 million. Cal-Maine Foods had a negative return on equity of 6.97% and a negative net margin of 5.41%. Cal-Maine Foods’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.64) EPS. research analysts forecast that Cal-Maine Foods will post 0.9 EPS for the current fiscal year.
Several brokerages have commented on CALM. Stephens raised shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $35.00 to $50.00 in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Cal-Maine Foods from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, November 17th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Cal-Maine Foods presently has an average rating of “Hold” and an average target price of $40.08.
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About Cal-Maine Foods
Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.
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