Is Cal-Maine Foods, Inc (CALM) positioned for future growth?

With 1.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.16 million shares. The 52-week range on CALM shows that it touched its highest point at $116.41 and its lowest point at $56.72 during that stretch. It currently has a 1-year price target of $97.00. With its current market cap of 4.84 billion, CALM has annualized dividend of $6.77 while the current yield stands at 7.47%. Beta for the stock currently stands at 0.16.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CALM was down-trending over the past week, with a drop of -1.89%, but this was up by 0.44% over a month. Three-month performance dropped to -16.59% while six-month performance rose 3.92%. The stock gained 59.40% in the past year, while it has lost -11.84% so far this year. A look at the trailing 12-month EPS for CALM yields 20.24 with Next year EPS estimates of 8.89. For the next quarter, that number is 5.43. This implies an EPS growth rate of 310.37% for this year and -61.93% for next year.

Float and Shares Shorts:

At present, 53.29 million CALM shares are outstanding with a float of 44.98 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CALM since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $5.84847 being high and $5.77819 being low. For CALM, this leads to a yearly average estimate of $5.81333.