Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. This company shares are 5.08% off its target price of $175.41 and the current market capitalization stands at $136.32B. The 1 year EPS growth rate is -0.60%. That's a potential 0.27 gain from where (NYSE:HRL) has been trading recently. Morgan Stanley started coverage on shares of Hormel Foods Corporation in a research report on Friday, November 3rd. In order to determine directional movement, the 50-day and 200-day moving averages for Hormel Foods Corporation (NYSE:HRL) are $31.52 and $32.89.
Three months ago, on the other hand, the average analyst rating for Hormel Foods Corporation (HRL) was a Hold - from a survey of 9 analysts. Credit Suisse Group AG set a $41.00 target price on Hormel Foods Corp and gave the stock a "buy" rating in a research note on Saturday, February 25th. Finally, BidaskClub upgraded shares of Hormel Foods Corporation from a "sell" rating to a "hold" rating in a research report on Wednesday, August 2nd.
Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. If you are viewing this news story on another domain, it was copied illegally and republished in violation of United States and worldwide trademark & copyright laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/11/19/hormel-foods-corporation-to-post-fy2017-earnings-of-1-56-per-share-keycorp-forecasts-hrl.html. The average 1-year price target for (HRL) reveals an average price target of $33.21 per share. The ability for Hormel Foods Corporation to pay these debts is as follows; current ratio is 2.5 and quick ratio comes to 1.4.
Analysts are speculating a 13.77% move, based on the high target price ($38) for the shares that is set to reach in the next 12 months.
Hormel Foods Corporation (HRL) have shown a high EPS growth of 13.50% in the last 5 years and has earnings rose of 29.40% yoy. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.03).
Revenues fell 5.1% from past year to $2.49 billion, but still topped analysts' view for $2.41 billion. Hormel Foods Corporation has $80 highest and $26 lowest target. The business's quarterly revenue was down 4.1% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Monday, October 23rd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, October 20th.
It has been a long while for Hormel Foods Corporation, since its IPO date on 1/2/1990.
In other news, Director Dakota A. Pippins sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $34.17, for a total value of $102,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James N. Sheehan sold 35,704 shares of the company's stock in a transaction that occurred on Wednesday, August 30th. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Following the completion of the sale, the director now directly owns 96,166 shares of the company's stock, valued at approximately $3,285,992.22. The disclosure for this sale can be found here. It improved, as 38 investors sold Hormel Foods Corp shares while 139 reduced holdings. American Century Companies Inc. now owns 3,051,908 shares of the company's stock worth $98,088,000 after buying an additional 936,053 shares during the last quarter. The company reported $0.41 EPS for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.01. Vanguard Group Inc is the second biggest holder with 31 million shares now valued at 1.06 B million whilst State Street Corp has 30 million shares valued at 1.03 B million. Finally, LS Investment Advisors LLC grew its holdings in shares of Hormel Foods Corporation by 5.4% in the third quarter. Capital International Investors now owns 10,634,975 shares of the company's stock valued at $341,808,000 after acquiring an additional 2,350,000 shares in the last quarter.