Cal-Maine Foods, Inc. (NASDAQ: CALM) Earnings Report Highlights
- Earnings per Share (EPS) of $10.38, missing the expected $10.75.
- Revenue reached approximately $1.42 billion, slightly below the anticipated $1.43 billion.
- Significant increase in egg prices, with the net average selling price rising to $4.06 per dozen.
Cal-Maine Foods, Inc. (NASDAQ: CALM) is a leading producer and distributor of fresh shell eggs in the United States, competing with key players like Rose Acre Farms and Hillandale Farms. The company's focus is on the production, grading, packaging, and sale of shell eggs.
On April 8, 2025, CALM reported an EPS of $10.38, which was below the expected $10.75. The company's revenue for the fiscal third quarter was approximately $1.42 billion, slightly missing the anticipated $1.43 billion. Despite this, CALM's revenue doubled compared to the previous year, driven by a significant increase in egg prices.
The net average selling price of eggs rose to $4.06 per dozen from $2.25 per dozen a year ago, contributing to the revenue growth. However, the company's performance did not meet Wall Street's expectations, leading to a decline in its share price during after-hours trading. The ongoing Department of Justice investigation into egg price increases is also a challenge for CALM.
CALM's financial metrics reveal a price-to-earnings (P/E) ratio of approximately 7.00, indicating a low valuation relative to its earnings. The price-to-sales ratio is about 1.44, meaning investors pay $1.44 for every dollar of sales. The enterprise value to sales ratio is around 1.39, reflecting the company's total valuation in relation to its sales.
The company maintains a strong current ratio of 5.46, showcasing its ability to cover short-term liabilities with short-term assets. CALM's earnings yield is approximately 14.28%, offering a substantial return on investment relative to its share price. Additionally, CALM announced a definitive agreement to acquire Echo Lake Foods, Inc., which is expected to enhance its operational capabilities and market reach.
| Symbol | Price | %chg |
|---|---|---|
| CPIN.JK | 4800 | -0.42 |
| JPFA.JK | 1780 | 1.4 |
| TAPG.JK | 880 | 0.57 |
| FAPA.JK | 5350 | 0 |
Cal-Maine Foods, Inc. (NASDAQ: CALM) Quarterly Earnings Insight
- Earnings per Share (EPS) is estimated at $3.03 for the upcoming quarterly release.
- The company's revenue is projected to be approximately $709.5 million.
- Key financial ratios such as the Price-to-Earnings (P/E) ratio of 11.74 and Current Ratio of 4.13 highlight Cal-Maine's market valuation and liquidity.
Cal-Maine Foods, Inc. (NASDAQ: CALM) is a prominent player in the egg industry, specializing in the production, grading, packaging, marketing, and distribution of fresh shell eggs. The company offers a diverse range of products, including conventional, cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced eggs. As a leader in its field, Cal-Maine competes with other egg producers, focusing on quality and variety to maintain its market position.
Cal-Maine is set to release its quarterly earnings on Wednesday, January 1, 2025, with Wall Street analysts estimating an earnings per share (EPS) of $3.03. The company's revenue is projected to be approximately $709.5 million. This release will provide insights into the company's financial health and performance, as highlighted by the upcoming announcement on Tuesday, January 7, 2025, through a press release after the market closes.
The company's financial metrics offer a deeper understanding of its market valuation. With a price-to-earnings (P/E) ratio of 11.74, investors can gauge how the market values Cal-Maine's earnings. The price-to-sales ratio of 1.89 indicates the amount investors are willing to pay per dollar of sales, while the enterprise value to sales ratio of 1.82 reflects the company's total valuation relative to its sales.
Cal-Maine's enterprise value to operating cash flow ratio stands at 8.81, providing insight into its cash flow generation compared to its valuation. This ratio helps investors understand how efficiently the company generates cash from its operations. Additionally, an earnings yield of 8.52% offers a perspective on the return on investment, making it an attractive option for investors seeking returns.
The company's current ratio of 4.13 indicates strong liquidity, showcasing its ability to cover short-term liabilities. This robust liquidity position suggests that Cal-Maine is well-prepared to meet its financial obligations, ensuring stability and confidence among investors and stakeholders.
Cal-Maine Foods Reports Sharp Decline in Q2 Profits, Shares Fall 6%
Cal-Maine Foods (NASDAQ:CALM) experienced a sharp decline in its second-quarter profits, leading to a 6% fall in its shares during pre-market trading.
The company reported earnings of 35 cents per share for the quarter, which was notably below the anticipated 73 cents and a substantial decrease from the $4.07 reported in the same period last year.
Cal-Maine's net sales also saw a decline, dropping 35% year-over-year to $523.2 million. This figure, however, marginally surpassed the forecasted $513.25 million.
Despite the overall decrease in sales revenue, Cal-Maine observed a small increase in sales volumes. The company sold 288.2 million dozen eggs, which is a 1.4% rise from the previous year.
On the other hand, the net average selling price per dozen eggs saw a significant drop of 36% compared to the previous year, landing at $1.730. The decline in sales revenue was primarily attributed to the considerable reduction in the net average selling price for conventional eggs.
