Make Sure You Stick With Cal-Maine Foods, Inc. (CALM). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Cal-Maine Foods Reports Results for Second Quarter Fiscal 2024.

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Stocks Info

Cal-Maine Foods, Inc. is listed on the NASDAQ in the Consumer Defensive sector while operating in the Farm Products industry. At the end of the last regular session, the stock closed at $58.49 and fluctuated between $58.94 as its day high and $58.21 as its day low. The current market capitalization of Cal-Maine Foods, Inc. is $2.86B. A total of 0.59 million shares were traded on the day, compared to an average of 629.64K shares.

In the most recent transaction, HARDIN CHARLES JEFF sold 750 shares of CALM for 56.51 per share on Feb 20 ’24. After the transaction, the Executive Vice President Sales now owns 3,999 company shares. In a previous transaction on Feb 14 ’24, Poole James E sold 3,000 shares at 55.91 per share. CALM shares that Director owns now total 11,670.

Among the insiders who sold shares, HARDIN CHARLES JEFF disposed of 4,458 shares on Feb 02 ’24 at a per-share price of $56.56. This resulted in the Executive Vice President Sales holding 17,830 shares of CALM after the transaction. In another insider transaction, HUGHES LETITIA CALLENDER sold 1,020 shares at $56.73 per share on Feb 02 ’24. Company shares held by the Director now total 43,570.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Cal-Maine Foods, Inc. pays an annual dividend of $3.08, resulting in a dividend yield of 5.26%, and it has a price to earnings (P/E) ratio of 6.32. CALM’s most recent ex-dividend date was 1/30/2024 when it declared a $0.1160 quarterly dividend that was paid in cash on 2/15/2024. Previously, the company paid the dividend on 11/16/2023 with an ex-dividend date of 10/31/2023. The CALM stock dividend was $0.0060 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, CALM has a high of $61.91 and a low of $42.25.

As of this writing, CALM has an earnings estimate of $1.61 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $1.84 per share and a lower estimate of $1.39. The company reported an EPS of $0.02 in the last quarter, which was -93.90% lower than expectations of $0.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $33.20, while its Total Shareholder’s Equity was $1.10B.

Analysts Opinion

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. 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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