Cal-Maine Foods (NASDAQ:CALM) Announces Earnings Results, Beats Estimates By $4.59 EPS

Cal-Maine Foods (NASDAQ:CALM - Get Free Report) released its earnings results on Tuesday. The basic materials company reported $10.38 earnings per share for the quarter, beating the consensus estimate of $5.79 by $4.59, Briefing.com reports. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $953.76 million. Cal-Maine Foods had a return on equity of 33.69% and a net margin of 20.39%. Cal-Maine Foods's revenue was up 101.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 EPS.Get Cal-Maine Foods alerts:Cal-Maine Foods Stock Down 3.3 %3 Dividend Stocks With Growth Potential You Can’t MissCALM traded down $3.12 on Tuesday, reaching $90.33. The company had a trading volume of 2,014,979 shares, compared to its average volume of 683,561. Cal-Maine Foods has a 1 year low of $55.15 and a 1 year high of $116.41. The stock has a market capitalization of $4.43 billion, a PE ratio of 7.03 and a beta of 0.11. The stock has a 50-day moving average price of $94.90 and a 200-day moving average price of $95.51. Analysts Set New Price TargetsSeveral brokerages have recently issued reports on CALM. Stephens reiterated an "equal weight" rating and issued a $97.00 price objective on shares of Cal-Maine Foods in a research note on Thursday, March 6th. StockNews.com upgraded shares of Cal-Maine Foods from a "hold" rating to a "buy" rating in a research note on Wednesday, April 2nd.Cal-Maine Foods: A Defensive Play With a Cage-Free FutureView Our Latest Research Report on CALMInsider Activity at Cal-Maine FoodsIn other news, Director Letitia Callender Hughes sold 809 shares of the firm's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the completion of the sale, the director now owns 42,761 shares in the company, valued at approximately $4,702,427.17. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.45% of the company's stock. Cal-Maine Foods Company Profile (Get Free Report)Egg Prices Surge: 3 Stocks Set to Benefit from Rising PPI TrendsCal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.Featured ArticlesFive stocks we like better than Cal-Maine FoodsBest Stocks Under $10.00 Tariff-Proof Stocks: 3 Big Bargains With Huge Upside PotentialStock Market Upgrades: What Are They?Qualcomm Breaks Down But RSI Signals It’s Severely Oversold3 Natural Gas Stocks That Offer Great Dividend YieldsTesla’s #1 Bull Cuts Target But Says It’s Still a BuyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Cal-Maine Foods Right Now?Before you consider Cal-Maine Foods, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list.While Cal-Maine Foods currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here