Moving Averages for Cal-Maine Foods and Its Peers
Earnings Preview: Cal-Maine Foods’ Upcoming Fiscal 2Q16 Results
Moving averages
As of December 16, 2015, Cal-Maine closed at $48.2 and traded 11.5%, 12,2%, and 7.3% respectively, below its 100-day, 50-day, and its 20-day moving averages. There wasn’t much fluctuation in the stock price last month. Cal-Maine Foods’ peers in the industry include Pilgrim’s Pride Corporation (PPC), Hormel Foods (HRL), and Tyson Foods (TSN).
Peers
Pilgrim’s Pride (PPC) closed at $21.2, or 2.4% above its 100-day moving average, 5.2% above its 50-day moving average, and 0.4% above its 20-day moving average. It rose 12% during November.
Hormel Foods (HRL) closed at $79.8, or 22% above its 100-day moving average, 14.7% above its 50-day moving average, and 7.6% above its 20-day moving average. It rose 11% last month.
Tyson Foods is trading 20%, 14.3%, and 7.8% above its 100-day, 50-day, and 20-day moving averages, respectively, and has gained 12% in the last month. TSN closed at $53.9 on December 16.
The PowerShares Dynamic Food and Beverage (PBJ) invests 2.84% in TSN and 3.0% in CALM. The ETF is trading 0.25% above its 100-day moving average, 0.36% below its 50-day moving average, and 0.69% above its 20-day moving average. It fell 3% during the last month and closed at $32.8 on December 16.
Analysts’ estimates
Analysts’ estimates indicate upsides of 26.6% for CALM, 10.8% for PPC, and 4.2% for TSN from its current level on December 16 for the next 12-month period. Meanwhile, HRL already beat analyst estimates by 6.2% on December 16.
As of December 16, CALM, HRL, and TSN reported positive YTD (year-to-date) returns of 23.4%, 53.2%, and 34.3%, respectively, while PPC reported returns of -23.5%. The ETF also reported positive YTD returns of 7.5%. In the next part of the series, we’ll see how Cal-Maine performed in fiscal 1Q16.
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