Cal-Maine Foods (CALM) Earning Somewhat Critical News Coverage, Report Finds

Media stories about Cal-Maine Foods (NASDAQ:CALM) have trended somewhat negative on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cal-Maine Foods earned a news impact score of 0.00 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 47.6507617928145 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Cal-Maine Foods (CALM) opened at 35.30 on Friday. The stock’s 50 day moving average price is $36.90 and its 200-day moving average price is $38.03. Cal-Maine Foods has a 1-year low of $33.40 and a 1-year high of $46.47. The stock’s market cap is $1.71 billion.

Cal-Maine Foods (NASDAQ:CALM) last released its earnings results on Monday, July 24th. The basic materials company reported ($0.51) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.42. The company had revenue of $274.60 million for the quarter, compared to the consensus estimate of $271.33 million. Cal-Maine Foods had a negative net margin of 6.91% and a negative return on equity of 8.57%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. On average, equities research analysts forecast that Cal-Maine Foods will post $0.26 earnings per share for the current year.

Several equities research analysts have recently weighed in on CALM shares. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Cleveland Research cut Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price target on the stock. in a research report on Tuesday, May 30th. BidaskClub cut Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Goldman Sachs Group, Inc. (The) cut Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price target on the stock. in a research report on Friday, June 16th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $36.70.

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About Cal-Maine Foods

Cal-Maine Foods, Inc is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products.

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