Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cal-Maine Foods (CALM) Share Price

News stories about Cal-Maine Foods (NASDAQ:CALM) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Cal-Maine Foods earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 46.4380519444564 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several brokerages recently issued reports on CALM. BidaskClub upgraded Cal-Maine Foods from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Goldman Sachs Group, Inc. (The) cut Cal-Maine Foods from a “neutral” rating to a “sell” rating and set a $31.00 price objective on the stock. in a research note on Friday, June 16th. ValuEngine upgraded Cal-Maine Foods from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Cleveland Research cut Cal-Maine Foods from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 30th. Five analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Cal-Maine Foods presently has an average rating of “Hold” and an average price target of $36.70.

Cal-Maine Foods (CALM) traded up 0.55% during midday trading on Friday, reaching $36.30. The company’s stock had a trading volume of 206,556 shares. Cal-Maine Foods has a 1-year low of $33.40 and a 1-year high of $46.47. The firm’s market capitalization is $1.76 billion. The firm has a 50 day moving average price of $37.25 and a 200 day moving average price of $38.25.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings data on Monday, July 24th. The basic materials company reported ($0.51) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.42. The business had revenue of $274.60 million during the quarter, compared to analyst estimates 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 firm’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 earned ($0.01) earnings per share. On average, analysts predict that Cal-Maine Foods will post $0.26 EPS for the current year.

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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.

Insider Buying and Selling by Quarter for Cal-Maine Foods (NASDAQ:CALM)

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