Cal-Maine Foods Inc (CALM) Releases Earnings Results, Misses Expectations By $-0.31 EPS

Cal-Maine Foods Inc (CALM) announced its most recent quarterly financial results on Monday, Sep-26-2016. CALM reported $-0.64 earnings per share for the quarter, missing the analyst consensus estimate by $-0.31. Analysts had a consensus of $-0.33. The company posted revenue of $239.80 million in the period, compared to analysts expectations of $268.78 million. CALM’s revenue was down -60.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 EPS.

Cal-Maine Foods Inc closed down -0.51 points or -1.19% at $42.21 with 4,50,059 shares getting traded on Thursday. Post opening the session at $43.01, the shares hit an intraday low of $42.17 and an intraday high of $43.42 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Cal-Maine Foods Inc

Leave a Reply

Cal-Maine Foods Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cal-Maine Foods Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.