Somewhat Positive Press Coverage Somewhat Unlikely to Affect Cal-Maine Foods (CALM) Share Price
Press coverage about Cal-Maine Foods (NASDAQ:CALM) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cal-Maine Foods earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the basic materials company an impact score of 47.4909560908464 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Cal-Maine Foods, Inc. (CALM) Spectacular Insider Ownership of 32.67% – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Cal-Maine Foods, Inc. (CALM)- Stocks having Bumpy Ride for the Day – NASDAQ Times (nasdaqtimes.com)
- Cal-Maine Foods, Inc. :CALM-US: Earnings Analysis: Q1, 2018 By the Numbers : October 4, 2017 (finance.yahoo.com)
- Benzinga’s Top Upgrades, Downgrades For October 3, 2017 – Benzinga (benzinga.com)
- Company News For Oct 3, 2017 – Nasdaq (nasdaq.com)
Several research firms have weighed in on CALM. Stephens upgraded shares of Cal-Maine Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $35.00 to $50.00 in a research report on Tuesday. BidaskClub upgraded shares of Cal-Maine Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) cut shares of Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective for the company. in a research report on Friday, June 16th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.90.
Cal-Maine Foods (NASDAQ CALM) traded down 1.46% during midday trading on Thursday, reaching $43.95. 106,859 shares of the company’s stock traded hands. The company’s market cap is $2.13 billion. The stock has a 50-day moving average of $38.22 and a 200 day moving average of $37.93. Cal-Maine Foods has a 52-week low of $33.40 and a 52-week high of $46.15.
Cal-Maine Foods (NASDAQ:CALM) last released its quarterly earnings data on Monday, October 2nd. The basic materials company reported ($0.33) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.18). Cal-Maine Foods had a negative net margin of 5.41% and a negative return on equity of 6.97%. The firm had revenue of $262.80 million during the quarter, compared to analyst estimates of $265.50 million. During the same period in the prior year, the company earned ($0.64) EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, analysts anticipate that Cal-Maine Foods will post $0.63 earnings per share for the current fiscal year.
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Cal-Maine Foods Company Profile
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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