Cal-Maine Foods (NASDAQ:CALM) Releases Earnings Results, Beats Estimates By $0.42 EPS

Posted by Geri Gentry on Jan 9th, 2025

Cal-Maine Foods (NASDAQ:CALM – Get Free Report) posted its quarterly earnings data on Tuesday. The basic materials company reported $4.47 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $751.50 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 82.5% compared to the same quarter last year.

Cal-Maine Foods Stock Up 1.0 %

CALM stock opened at $104.73 on Thursday. The company has a 50 day moving average of $98.56 and a two-hundred day moving average of $82.07. Cal-Maine Foods has a 12-month low of $53.38 and a 12-month high of $114.06. The company has a market cap of $5.14 billion, a price-to-earnings 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. Investors of record on Wednesday, January 29th will be given a dividend of $1.489 per share. The ex-dividend date is Wednesday, January 29th. This is an increase from Cal-Maine Foods’s previous quarterly dividend of $1.02. This represents a $5.96 dividend on an annualized basis and a yield of 5.69%. Cal-Maine Foods’s payout ratio is presently 46.62%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com lowered shares of Cal-Maine Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens initiated coverage on shares of Cal-Maine Foods in a report on Thursday, October 3rd. They issued an “equal weight” rating and a $82.00 target price for the company.

View Our Latest Stock Report on Cal-Maine Foods

Cal-Maine Foods Company Profile

(Get Free Report)

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.