Cal-Maine Foods Inc (CALM) reported quarterly earnings results on Monday, Jul-18-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $-0.19. The company posted revenue of $303.00 million in the period, compared to analysts expectations of $300.69 million. The company’s revenue was down -24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
Many Wall Street Analysts have commented on Cal-Maine Foods Inc. Cal-Maine Foods Inc was Upgraded by BB&T Capital Mkts to ” Hold” on Jun 16, 2016. Shares were Downgraded by DA Davidson on May 9, 2016 to ” Underperform” and Lowered the Price Target to $ 45 from a previous price target of $55 .
Cal-Maine Foods Inc closed down -0.63 points or -1.41% at $44.15 with 5,51,943 shares getting traded on Friday. Post opening the session at $44.68, the shares hit an intraday low of $43.91 and an intraday high of $44.9999 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Feb 5, 2016, Charles Jeff Hardin (Vice President Marketing) sold 1,481 shares at $48.73 per share price. According to the SEC, on Jan 27, 2016, James E Poole (director) sold 2,000 shares at $49.07 per share price. On Apr 30, 2015, Timothy A Dawson (Vice President, CFO, Sec/Treas) sold 6,000 shares at $44.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production grading packaging marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern southeastern mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers including national and regional grocery store chains club stores foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands such as Egg-Land’s Best Land O’ Lakes Farmhouse and 4-Grain. The Company also produces markets and distributes private label specialty shell eggs to several customers.