Cal-Maine Foods (NASDAQ:CALM) Releases Quarterly Earnings Results

Posted by Lauren Steadman on Jan 9th, 2025

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) released its quarterly earnings results on Tuesday. The basic materials company reported $4.47 EPS for the quarter, beating the consensus estimate of $4.05 by $0.42, Zacks reports. Cal-Maine Foods had a net margin of 16.09% and a return on equity of 24.25%. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $751.50 million. During the same period in the prior year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 82.5% on a year-over-year basis.

Cal-Maine Foods Trading Up 1.0 %

CALM stock opened at $104.73 on Thursday. Cal-Maine Foods has a 12-month low of $53.38 and a 12-month high of $114.06. The stock has a 50-day moving average price of $98.56 and a two-hundred day moving average price of $82.07. The company has a market cap of $5.14 billion, a PE ratio of 12.00 and a beta of -0.11.

Cal-Maine Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Wednesday, January 29th will be paid a dividend of $1.489 per share. The ex-dividend date of this dividend is Wednesday, January 29th. This is a boost from Cal-Maine Foods’s previous quarterly dividend of $1.02. This represents a $5.96 annualized dividend and a dividend yield of 5.69%. Cal-Maine Foods’s payout ratio is currently 46.62%.

Analysts Set New Price Targets

Several research firms have issued reports on CALM. Stephens began coverage on shares of Cal-Maine Foods in a research note on Thursday, October 3rd. They set an “equal weight” rating and a $82.00 price target on the stock. StockNews.com lowered Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday.

Check Out Our Latest Report on Cal-Maine Foods

About Cal-Maine Foods

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Cal-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.