Revenue Update on Cal-Maine Foods Inc(NASDAQ:CALM)

Cal-Maine Foods Inc(NASDAQ:CALM) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-market on Sep 26, 2016. Company reported revenue of $239.84M. Analysts estimated a revenue of $274.57M. Earnings per share were $-0.64. Analysts had estimated an EPS of $-0.33.

Cal-Maine Foods Inc (CALM) shares turned negative on Thursdays trading session with the shares closing down -0.51 points or -1.19% at a volume of 4,50,059. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.42. The peak price level was also seen at $43.42 while the days lowest was $42.17. Finally the shares closed at $42.21. The 52-week high of the shares is $63.25 while the 52-week low is $39.6. According to the latest information available, the market cap of the company is $2,049 M.

Several Insider Transactions has been reported to the SEC. On May 5, 2016, Adolphus B Baker (director officer 10% owner (Chairman, President &) sold 100,000 shares at $51.97 per share price.Also, On Feb 5, 2016, Charles Jeff Hardin (Vice President Marketing) sold 1,481 shares at $48.73 per share price.On Jan 27, 2016, James E Poole (director) sold 2,000 shares at $49.07 per share price, according to the Form-4 filing with the securities and exchange commission.

Cal-Maine Foods Inc. is a producer and marketer of shell eggs in the United States. The Company’s primary business is the production grading packaging marketing and distribution of shell eggs. The Company sells its shell eggs in the southwestern southeastern mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers including national and regional grocery store chains club stores foodservice distributors and egg product consumers. Some of its sales are completed through co-pack agreements. It has a total flock of approximately 33.7 million layers and 8.4 million pullets and breeders. The Company markets its specialty shell eggs under brands such as Egg-Land’s Best Land O’ Lakes Farmhouse and 4-Grain. The Company also produces markets and distributes private label specialty shell eggs to several customers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Cal-Maine Foods Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cal-Maine Foods Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.