Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Cal-Maine Foods (CALM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question. Cal-Maine Foods is one of 240 companies in the Basic Materials group. The Basic Mate ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cal-Maine Foods (CALM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Cal-Maine Foods is a member of the Basic Materials sector. This group includes 240 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank ...

U.S. stock markets have retreated in April after a sharp rally in the past 15 months. The euphoria surrounding equities evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading above 4%. In the first week of April, the Dow tumbled 2.3%, posting its worst weekly performance in 2024. The S&P 500 slid 1% during the period, while the Nasdaq Composite fell 0.8%.This was primarily owing to the uncertainty regarding the time when the Fed would initiate the first cut in the be ...

Key PointsCal-Maine Foods is the nation's largest fresh egg producer and distributor, with an estimated 19% market share.Cal-Maine reported a fiscal Q3 2024 EPS beat by 55 cents despite revenues falling 29.5% due to bird flu disruptions in egg supply.Cal-Maine shares trade at just 13.6X forward earnings with a $1.00 special dividend payable on May 16, 2024, for shareholders on record as of May 1, 2024.5 stocks we like better than Cal-Maine FoodsCal-Maine Foods Inc. NASDAQ: CALM is the largest and leading pr ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cal-Maine Foods (CALM) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Cal-Maine Foods is a member of our Basic Materials group, which includes 240 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Ran ...

From a technical perspective, Cal-Maine Foods (CALM) is looking like an interesting pick, as it just reached a key level of support. CALM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Like ...

The egg producer delivered a better-than-feared quarter.Shares of Cal-Maine Foods (CALM 3.62%) climbed as high as 7.2% early Wednesday, then settled to close up 3.6% after the egg producer announced better-than-expected quarterly results. This occurred despite news of a new Avian flu outbreak at one of its facilities.Cal-Maine Foods' better-than-feared quarterFor its fiscal third quarter ended March 2, 2024, Cal-Maine Foods' revenue declined 29.5% year over year to $703.1 million, translating to net income ...

CalMaine Foods, Inc. (CALM) reported earnings per share of $3.00 in third-quarter fiscal 2024 (ended Mar 2, 2024). The bottom line marked a 55% decline from the year-ago quarter.Sales plunged 29.5% year over year to $703 million in the third quarter of fiscal 2024. The company reported exceptionally strong third-quarter fiscal 2023 sales of $997 million mainly due to record-high egg prices. Last year the shell egg industry had witnessed record high market prices triggered by the highly pathogenic avian infl ...

Thanks to strong demand, egg producer Cal-Maine Foods Inc (NASDAQ:CALM) announced better-than-expected fiscal third-quarter revenue after the close yesterday. Cal-Maine Foods stock is surging after the news, despite the company also temporarily closing a facility in Texas due to an outbreak of the bird flu. After gapping to fresh 52-week high of $63.14, CALM was last seen up 4.8% at $61.74. The equity is up 10.1% in the last 12 months, and is bouncing off a pullback to the $55 region.Despite low absolute vo ...

Key TakeawaysCal-Maine Food shares jumped more than 8% in premarket trading Wednesday after the company posted better-than-expected quarterly earnings and sales as strong demand for eggs helped offset lower prices.The company’s sales volumes increased 3.2% from last year’s corresponding quarter, with both conventional and specialty egg sales recording low to mid-single-digit percentage growth.The egg producer has detected Avian Influenza at its Texas facility, resulting in a 3.6% reduction of its total floc ...