Stephens lowered the price target for the Cal-Maine Foods, Inc. (NASDAQ:CALM) stock from “an Overweight” to “an Equal-weight”. The rating was released on April 25, 2023, according to finviz. The research report from BofA Securities has downgraded the stock from Buy to Underperform, with a price target set at $38. The stock was initiated by BofA Securities, who disclosed in a research note on October 28, 2020, to Buy and set the price objective to $47. In their research brief published March 17, 2020, Stephens analysts upgraded the Cal-Maine Foods, Inc. stock from Equal-Weight to Overweight with a price target of $47.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $0.35 during the last quarter as opposed to a consensus estimate of $0.83, which indicates the company missed its estimate by -$0.48, which implies that the company surprised the market by -57.80%. It appears that the average earnings per share estimate for the current quarter (ending in Feb 2024) is $2.46. This is an average of 3 analysts’ earnings, where the high earnings per share estimate is $2.9 and the low earnings per share estimate is $1.61. According to 2 analyst estimates, an average revenue estimate of $692.35M is projected for the current quarter with a high revenue estimate of $694M and a low estimate of $690.7M.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -4.91% within the last five trades and 1.16% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 18.98% in the last 6 months and 3.50% was added to its value over the previous 3 months. CALM stock is trading at a margin of -0.45%, 2.56% and 16.15% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CALM deals in the Consumer Defensive domain. The stock is trading -6.33 percent below its 52-week high and 38.75 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 7.5. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cal-Maine Foods, Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 21.28 percent and the profit margin is 16.94 percent, and the company has reported a gross margin of 29.89 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.87 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cal-Maine Foods, Inc. (NASDAQ:CALM) is 6.33. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 27.10. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.77, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 17.39 percent of Cal-Maine Foods, Inc. shares are owned by insiders, and 84.98 percent are held by financial institutions. HARDIN CHARLES JEFF, the Executive Vice President Sales at Cal-Maine Foods, Inc. (CALM) has sold 750 shares of firm on Feb 20 ’24 at a price of $56.51 against the total amount of $42382.0. In another inside trade, Poole James E, Director of Cal-Maine Foods, Inc. (NASDAQ:CALM) sold 3,000 shares of the firm on Feb 14 ’24 for a total worth of $0.17 million at a price of $55.91. An inside trade which took place on Feb 02 ’24, Executive Vice President Sales of Cal-Maine Foods, Inc. HARDIN CHARLES JEFF sold 4,458 shares of firm against total price of $0.25 million at the cost of $56.56 per share.
