Portia buys CALM 59.48: The disease affected more than 48 million chickens and turkeys in the U.S. and caused egg prices to jump sharply.

Thomson/Reuters has a consensus price target of $66.00 on the stock. Feed costs fell in the quarter from $0.484 per dozen a year ago to $0.419 per dozen. In the year ago quarter, the company sold about 252 million dozen eggs at a net average selling price of $1.354 per dozen. In the 2015 fiscal year, Cal-Maine posted EPS of $3.33 on revenues of $1.58 billion. For the 2016 fiscal year, analysts are looking for $11.83 in EPS and $2.39 billion in revenues.


Trena:
We believe that egg prices will remain very high until the supply situation returns to more normal levels.

Susannah:
The outbreak of avian flu that hit the U.S. chicken and egg suppliers earlier this year has led to record high egg prices.

Manda:
In quarters when the company posts a loss, no dividend is paid.

Terina:
For each quarter when Cal-Maine reports net income, the company pays a cash dividend equal to one-third of that income.

Regena:
First-quarter results also compare to consensus estimates for EPS of $3.14 and revenues of $599.94 million.

Joaquina:
In the same period a year ago, Cal-Maine reported EPS of $0.57 on revenue of $356.9 million.

Dodie:
The egg producer reported quarterly diluted earnings per share (EPS) of $2.95 on total revenues of $609.9 million.

Dawn:
Further, the forward-looking statements included herein are only made as of the respective dates thereof, or if no date is stated, as of the date hereof.

Hyun:
These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control.

Charlott:
The amount paid could vary slightly based on the amount of outstanding shares on the record date.

Cal-Maine Foods (NASDAQ:CALM)
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