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Saturday, December 9, 2023

Is Cal-Maine Foods, Inc. (NASDAQ: CALM) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Cal-Maine Foods, Inc. (CALM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.53, or -1.07%, to $49.00. The Cal-Maine Foods, Inc. has recorded 8,026 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cal-Maine Foods, Inc. to Participate in Stephens 2023 Annual Investment Conference.

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Stocks Info

CALM belongs to the Consumer Defensive sector of the NASDAQ while operating in the Farm Products industry. At the end of the last regular session, the stock closed at $49.53 and fluctuated between $49.78 as its day high and $49.03 as its day low. The current market capitalization of Cal-Maine Foods, Inc. is $2.43B. A total of 0.55 million shares were traded on the day, compared to an average of 815.32K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CALM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 5 BUYs and 2 SELLs from insiders. Insiders purchased 9,541 shares during that period but sold 2,074.

In the most recent transaction, HARDIN CHARLES JEFF sold 1,201 shares of CALM for 60.15 per share on Mar 31. After the transaction, the Executive Vice President Sales now owns 4,194 company shares. In a previous transaction on Jan 26, HUGHES LETITIA CALLENDER sold 1,180 shares at 54.70 per share. CALM shares that Director owns now total 42,727.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cal-Maine Foods, Inc. pays an annual dividend of $0.98, resulting in a dividend yield of 1.98%, and it has a price to earnings (P/E) ratio of 3.82. CALM’s most recent ex-dividend date was 10/31/2023 when it declared a $0.0060 quarterly dividend that was paid in cash on 11/16/2023. Previously, the company paid the dividend on 8/22/2023 with an ex-dividend date of 8/4/2023. The CALM stock dividend was $0.76 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CALM in the last 3 months, the mean price target is $46.00 with high estimates of $54.00 and low estimates of $39.00. In terms of 52-week highs and lows, CALM has a high of $65.32 and a low of $42.25.

As of this writing, CALM has an earnings estimate of $0.54 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.34. The company reported an EPS of $2.27 in the last quarter, which was 5.60% higher than expectations of $2.15.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. CALM’s latest balance sheet shows that the firm has $174.51M in Cash & Short Term Investments as of fiscal 2022. There were $1.44M in debt and $184.67M in liabilities at the time. Its Book Value Per Share was $32.94, while its Total Shareholder’s Equity was $1.10B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CALM is Buy with a score of 2.00.

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