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Cal-Maine Foods (NASDAQ:CALM) Inc stock reached an all-time high of 117.55 USD, marking a significant milestone for the $5.14 billion market cap company. According to InvestingPro data, the company maintains excellent financial health with an overall score of 4.11 out of 5. Over the past year, the stock has delivered an impressive return of 73.67%, reflecting strong investor confidence and robust performance in the market. The company’s revenue grew by 60% during this period, while maintaining an attractive P/E ratio of 5.16. This new peak underscores the company’s growth trajectory and its ability to capitalize on favorable market conditions. The surge in stock price highlights Cal-Maine Foods’ position in the industry and its potential for continued success, supported by a substantial dividend yield of 13.35%. InvestingPro subscribers have access to 12 additional investment tips for CALM stock, including detailed valuation metrics and growth forecasts.
In other recent news, Cal-Maine Foods, Inc. reported fourth-quarter earnings and revenue that surpassed analyst expectations, primarily due to increased egg prices amid supply shortages in the industry. The company achieved adjusted earnings of $7.04 per share, significantly outpacing the analyst consensus of $5.43. Revenue for the quarter reached $1.1 billion, well above the expected $870.41 million and marking a 72% increase from $640.8 million in the same quarter last year. The net average selling price per dozen eggs rose to $3.31, compared to $2.13 in the previous year. These results highlight the impact of higher egg prices on the company’s financial performance.
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