Is Cal-Maine Foods, Inc. (NASDAQ: CALM) Still On The Rise?

After Hours

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. Yahoo Finance discussed the stock recently as it posted Cal-Maine Foods, Inc. Announces Retirement of Jeff Hardin.

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Stocks Info

This NASDAQ-listed company operates within the Farm Products industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $62.80 and fluctuated between $62.90 as its day high and $59.96 as its day low. The current market capitalization of Cal-Maine Foods, Inc. is $3.08B. A total of 0.93 million shares were traded on the day, compared to an average of 635.83K 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 income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cal-Maine Foods, Inc. pays an annual dividend of $3.08, resulting in a dividend yield of 4.90%, and it has a price to earnings (P/E) ratio of 11.14. CALM’s most recent ex-dividend date was 4/30/2024 when it declared a $1.00 quarterly dividend that was paid in cash on 5/16/2024. Previously, the company paid the dividend on 2/15/2024 with an ex-dividend date of 1/30/2024. The CALM stock dividend was $0.1160 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CALM has a high of $63.14 and a low of $42.25.

As of this writing, CALM has an earnings estimate of $1.6 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $2.43 per share and a lower estimate of $1.05. The company reported an EPS of $0.35 in the last quarter, which was -57.80% lower than expectations of $0.83.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $35.15, while its Total Shareholder’s Equity was $1.10B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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