Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $56.87 in the prior trading day, Cal-Maine Foods, Inc. (NASDAQ: CALM) closed at $57.66, up 1.39%. In other words, the price has increased by $1.39 from its previous closing price. On the day, 0.76 million shares were traded. CALM stock price reached its highest trading level at $58.06 during the session, while it also had its lowest trading level at $56.82.
Ratios:
Our goal is to gain a better understanding of CALM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.30. For the most recent quarter (mrq), Quick Ratio is recorded 4.40 and its Current Ratio is at 5.65. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stephens on April 25, 2023, Downgraded its rating to Equal-Weight and sets its target price to $60 from $67 previously.
BofA Securities Downgraded its Buy to Underperform on May 26, 2021, whereas the target price for the stock was revised from $47 to $38.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 20 ’24 when HARDIN CHARLES JEFF sold 750 shares for $56.51 per share. The transaction valued at 42,382 led to the insider holds 3,999 shares of the business.
Poole James E sold 3,000 shares of CALM for $167,718 on Feb 14 ’24. The Director now owns 11,670 shares after completing the transaction at $55.91 per share. On Feb 02 ’24, another insider, HARDIN CHARLES JEFF, who serves as the Executive Vice President Sales of the company, sold 4,458 shares for $56.56 each. As a result, the insider received 252,165 and left with 17,830 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CALM now has a Market Capitalization of 2788812288 and an Enterprise Value of 2129913856. As of this moment, Cal-Maine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.22, and their Forward P/E ratio for the next fiscal year is 19.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 1.64. Its current Enterprise Value per Revenue stands at 0.897 whereas that against EBITDA is 5.405.
Stock Price History:
The Beta on a monthly basis for CALM is -0.05, which has changed by 0.24267244 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, CALM has reached a high of $64.76, while it has fallen to a 52-week low of $42.25. The 50-Day Moving Average of the stock is -2.73%, while the 200-Day Moving Average is calculated to be 10.80%.
Shares Statistics:
The stock has traded on average 663.09K shares per day over the past 3-months and 687860 shares per day over the last 10 days, according to various share statistics. A total of 44.18M shares are outstanding, with a floating share count of 40.51M. Insiders hold about 17.39% of the company’s shares, while institutions hold 84.76% stake in the company. Shares short for CALM as of 1713139200 were 2662411 with a Short Ratio of 4.02, compared to 1710460800 on 3780687. Therefore, it implies a Short% of Shares Outstanding of 2662411 and a Short% of Float of 8.85.
Dividends & Splits
In the trailing 12 months, CALM’s forward annual dividend rate was 1.879, compared to 0.88 this year. Against a Trailing Annual Dividend Yield of 0.033040266The stock’s 5-year Average Dividend Yield is 2.87. The current Payout Ratio is 33.19% for CALM, which recently paid a dividend on 2024-01-30 with an ex-dividend date of 1714435200. Stock splits for the company last occurred on 2014-11-03 when the company split stock in a 2:1 ratio.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Cal-Maine Foods, Inc. (CALM) in the stock market.On average, analysts expect EPS of $1.31 for the current quarter, with a high estimate of $1.31 and a low estimate of $1.31, while EPS last year was $2.27. The consensus estimate for the next quarter is $0.2, with high estimates of $0.29 and low estimates of $0.11.
Analysts are recommending an EPS of between $4.67 and $4.67 for the fiscal current year, implying an average EPS of $4.67. EPS for the following year is $2.29, with 2.0 analysts recommending between $2.59 and $2.0.
Revenue Estimates
2 analysts predict $604.86M in revenue for the current quarter. It ranges from a high estimate of $644.73M to a low estimate of $565M. As of the current estimate, Cal-Maine Foods, Inc.’s year-ago sales were $688.68MFor the next quarter, 2 analysts are estimating revenue of $447.23M. There is a high estimate of $459.45M for the next quarter, whereas the lowest estimate is $435M.
A total of 2 analysts have provided revenue estimates for CALM’s current fiscal year. The highest revenue estimate was $2.33B, while the lowest revenue estimate was $2.25B, resulting in an average revenue estimate of $2.29B. In the same quarter a year ago, actual revenue was $3.15BBased on 2 analysts’ estimates, the company’s revenue will be $1.97B in the next fiscal year. The high estimate is $1.97B and the low estimate is $1.97B.
