Latest news with #Cal-Maine
Yahoo
3 days ago
- Business
- Yahoo
Cal-Maine (CALM): Buy, Sell, or Hold Post Q1 Earnings?
Cal-Maine currently trades at $94.19 per share and has shown little upside over the past six months, posting a small loss of 4%. Given the underwhelming price action, is now a good time to buy CALM? Or should investors expect a bumpy road ahead? Find out in our full research report, it's free. Known for brands such as Egg-Land's Best and Land O' Lakes, Cal-Maine (NASDAQ:CALM) produces, packages, and distributes eggs. A company's long-term performance is an indicator of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last three years, Cal-Maine grew its sales at an incredible 35.3% compounded annual growth rate. Its growth surpassed the average consumer staples company and shows its offerings resonate with customers. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Cal-Maine has shown terrific cash profitability, enabling it to reinvest, return capital to investors, and stay ahead of the competition while maintaining an ample cushion. The company's free cash flow margin was among the best in the consumer staples sector, averaging 17.9% over the last two years. Forecasted revenues by Wall Street analysts signal a company's potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite. Over the next 12 months, sell-side analysts expect Cal-Maine's revenue to drop by 25.8%, a decrease from its 35.3% annualized growth for the past three years. This projection is underwhelming and implies its products will see some demand headwinds. At least the company is tracking well in other measures of financial health. Cal-Maine's merits more than compensate for its flaws, but at $94.19 per share (or 9× forward P/E), is now the right time to buy the stock? See for yourself in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
14-05-2025
- Business
- Yahoo
Egg prices drop but remain near historic highs
The sky-high price of eggs dropped nearly 13% in April compared to the records that were set earlier in the year. But the new average price is still high in historical terms. According to the Consumer Price Index released Tuesday, the average price for a dozen Grade A eggs fell to $5.12 in April. That was the first price drop in six months. But avian flu continues to ruin flocks of egg-laying hens and the new lower price is still nearly 80% higher than the same time last year, when that comparable dozen eggs cost an average of $2.86. At the beginning of 2024, eggs cost less than half what they did this April, on average, at $2.52 a dozen. ABC News reported that eggs reached their record high cost in March, averaging $6.23 a dozen. The U.S. Department of Agriculture's 'Egg Markets Overview' last week reported that 'price levels to the consumer have eased considerably from early-year highs but remain at levels not yet conducive to more than normal purchases needs as consumers are slow to adjust to what may be the new near-term norm.' The market overview notes that 31 million birds have been lost to avian flu this year. But the magnitude has decreased, leading to hope that the bird flu outbreak is waning. Newsweek reported that more than 169 million egg layers have been killed as part of the outbreaks since early 2022. 'Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading,' the article said. It can take a year for the farm to raise new birds that can lay eggs. David L. Ortega, a professor of food economics and policy at Michigan State University, told the Associated Press that egg prices will probably continue to drop in May and June. He said demand, which is high around Easter, eases, which lowers prices. And with fewer bird flu outbreaks recently, the supply of eggs is growing, he said. And per AP, 'The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America's eggs. Cal-Maine confirmed the investigation in early April. Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.' The price of eggs has prompted a strange variety of reactions, as Deseret News has reported. For instance, in February, as an egg shortage was ongoing and retailers were limiting how many eggs a customer could buy, a small flurry of egg thefts made headlines around the country. In the most egg-straordinary heist, thieves in Pennsylvania stole more than $40,000 worth of eggs — about 100,000 — from Pete and Gerry's Organic Eggs. And in Seattle, thieves who didn't want to shell out cash for eggs visited the Luna Park Cafe in the middle of the night and took about 540 eggs and other breakfast items worth a total of close to $800.
Chicago Tribune
13-05-2025
- Business
- Chicago Tribune
US egg prices fall for the first time in months but remain near record highs
U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the Consumer Price Index. It was the first month-to-month drop in egg prices since October 2024. Overall, the average price of eggs of all sizes fell 12.7%, the steepest monthly decline since March 1984. The costs of 3 consumer goods have hit all-time highs. Here's how everyday prices are changing under wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover. Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April average price for a dozen large eggs was 79% higher than the Bureau of Labor Statistics reported for the same month a year ago, when the price averaged $2.86 per dozen. Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age. That can have an effect on the egg supply because massive egg farms may have millions of birds. Outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens. Lowering egg prices has been a particular focus of President Donald Trump. In February, the U.S. Department of Agriculture said it would invest $1 billion to help farmers improve their biosecurity measures to fight bird flu. The U.S. has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5% during the first three months of the year compared to the same period a year ago. The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America's eggs. Cal-Maine confirmed the investigation in early April.. Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.
&w=3840&q=100)
First Post
13-05-2025
- Health
- First Post
Trump's prediction finally comes true, US egg prices fall but still remain record high
Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age. read more US retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday. The average price for a dozen Grade A eggs declined to $5.12 last month after reaching a record $6.23 in March, according to the Consumer Price Index. It was the first month-to-month drop in egg prices since October 2024. Overall, the average price of eggs of all sizes fell 12.7%, the steepest monthly decline since March 1984. STORY CONTINUES BELOW THIS AD While wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover. Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April average price for a dozen large eggs was 79% higher than the Bureau of Labor Statistics reported for the same month a year ago, when the price averaged $2.86 per dozen. Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age. That can have an effect on the egg supply because massive egg farms may have millions of birds. Outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens. Lowering egg prices has been a particular focus of President Donald Trump. In February, the U.S. Department of Agriculture said it would invest $1 billion to help farmers improve their biosecurity measures to fight bird flu. STORY CONTINUES BELOW THIS AD The U.S. has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5% during the first three months of the year compared to the same period a year ago. The antitrust division of the U.S. Department of Justice is also investigating Cal-Maine Foods, the largest U.S. egg producer, which supplies around 20% of America's eggs. Cal-Maine confirmed the investigation in early April.. Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.
Boston Globe
13-05-2025
- Business
- Boston Globe
US egg prices fall for the first time in months but remain near record highs
While wholesale egg prices have been coming down for a while, it was unclear how much store prices would decrease in April because consumer demand is usually high around Easter and Passover. Still, retail egg prices remain near historic highs as a persistent outbreak of bird flu wipes out flocks of egg-laying hens. The April figure is 79 percent higher than the same month a year ago, when the price averaged $2.86 per dozen. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Bird flu has killed more than 169 million birds since early 2022. Any time a bird gets sick, the entire flock is killed to help keep bird flu from spreading. Once a flock is slaughtered, it can take as long as a year to clean a farm and raise new birds to egg-laying age. Advertisement That can have an effect on the egg supply because massive egg farms may have millions of birds. Outbreaks on two farms in Ohio and South Dakota last month affected more than 927,000 egg-laying hens. Lowering egg prices has been a particular focus of President Donald Trump. In February, the US Department of Agriculture said it would invest $1 billion to help farmers improve their biosecurity measures to fight bird flu. Advertisement The US has also increased imports of eggs from South Korea, Turkey, Brazil and other countries. According to Wells Fargo Agri-Food Institute Sector Manager Kevin Bergquist, the volume of egg and egg product imports increased 77.5 percent during the first three months of the year compared to the same period a year ago. The antitrust division of the US Department of Justice is also investigating Cal-Maine Foods, the largest US egg producer, which supplies around 20 percent of America's eggs. Cal-Maine confirmed the investigation in early April.. Ridgeland, Mississippi-based Cal-Maine said its net income more than tripled to $508.5 million in its most recent quarter, which ended March 1.
