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Hormel Foods Corporation (HRL) Scheduled to Post Earnings on Thursday

25 February 2017

Hormel's profit amounted to 44 cents a share. The company had revenue of $2627.90 million for the quarter, compared to analysts expectations of $2622.84 million. Among 6 Analysts, Bottom line EPS Estimate for the current quarter is $0.44 while the top line estimate is $0.48, a key information to consider for Day Trading and investing in stocks. The consensus estimate for current quarter is $0.46 and for the current fiscal year, the estimate is $1.7. Hormel Foods Corporation's dividend payout ratio (DPR) is now 41.46%. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 22.93 and a beta of 0.49. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 1.76% where SMA50 and SMA200 are 4.36% and 3.19% respectively. That puts the market capitalization at $18.65 bln. In a similar way, Hormel Foods Corporation (NYSE:HRL) last announced results for quarter ended on 31 Oct 2016, disclosing EPS of $0.45. If you are accessing this story on another publication, it was stolen and republished in violation of United States & worldwide copyright & trademark laws.

On 02/23/2017 close, Hormel Foods Corporation (NYSE:HRL) plummeted -5.39% to $35.29. The shares were sold at an average price of $35.23, for a total value of $70,460.00. Vanguard Group Inc is the second biggest holder with 28 million shares now valued at 1.07 B million whilst State Street Corp has 16 million shares valued at 598.61 million. Also, Director Robert Nakasone sold 18,502 shares of the company's stock in a transaction on Friday, January 6th. The disclosure for this sale can be found here. The stock, which was still inactive in premarket trade, has dropped 14% over the past 12 months, while the S&P 500 has gained 23%.

Hormel Foods Corporation last declared its Dividend on Jan 12, 2017.

In other Hormel Foods Corporation news, insider James M. Splinter sold 34,262 shares of the business's stock in a transaction that occurred on Monday, December 5th. BlackRock Inc. now owns 1,221,459 shares of the company's stock worth $46,330,000 after buying an additional 308,877 shares in the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Hormel Foods Corporation during the third quarter valued at about $171,000. The biggest holder now is Jeffrey M. Ettinger who owns 1,530,415 shares (0.29% of those outstanding), whilst Gary J. Ray holds 226,174 (0.04% of shares outstanding) and Jody H. Feragen holds 209,076 (0.04% of shares outstanding). LLC raised its stake in shares of Hormel Foods Corporation by 95.7% in the third quarter. State Treasurer State of MI now owns 94,264 shares of the company's stock worth $3,575,000 after buying an additional 400 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Hormel Foods Corporation by 9.4% in the fourth quarter. The companys revenue was up 9.5% compared to the same quarter past year. Following the completion of the transaction, the director now owns 143,644 shares of the company's stock, valued at $5,175,493.32.

Several analysts have released their opinion on Hormel Foods Corporation (NYSE:HRL), with 3 analysts believing it is a strong buy. Finally, Credit Suisse Group set a $41.00 price objective on shares of Hormel Foods Corporation and gave the stock a "buy" rating in a report on Wednesday, November 23rd. Tower Research Capital LLC TRC increased its position in shares of Hormel Foods Corporation by 204.0% in the third quarter. Finally, KeyCorp started coverage on shares of Hormel Foods Corporation in a report on Thursday, December 1st. They issued a "sector weight" rating for the company.

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Higher EPS estimate is noted at $0.43 while lowest EPS estimate among analysts is targeted at $0.40.