Hormel Foods (HRL) Scheduled to Post Earnings on Thursday

Hormel Foods (NYSE:HRL) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 22nd. Analysts expect Hormel Foods to post earnings of $0.43 per share for the quarter. Hormel Foods has set its FY18 guidance at $1.60-1.70 EPS.

Hormel Foods (NYSE:HRL) last announced its earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.41 billion. Hormel Foods had a return on equity of 17.87% and a net margin of 9.24%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. On average, analysts expect Hormel Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hormel Foods (NYSE HRL) opened at $34.04 on Thursday. The firm has a market capitalization of $18,030.00, a P/E ratio of 21.68, a PEG ratio of 2.07 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.91. Hormel Foods has a 52 week low of $29.75 and a 52 week high of $38.00.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Tuesday, January 16th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, January 12th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.17. Hormel Foods’s dividend payout ratio (DPR) is 47.77%.

In other Hormel Foods news, Director Robert Nakasone sold 3,184 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $37.50, for a total transaction of $119,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Gary Jamison sold 4,169 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $36.48, for a total value of $152,085.12. Following the transaction, the vice president now owns 12,615 shares in the company, valued at approximately $460,195.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,001 shares of company stock worth $4,612,826. Corporate insiders own 1.48% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Jefferies Group upgraded Hormel Foods from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Wednesday. Credit Suisse Group set a $33.00 target price on Hormel Foods and gave the stock a “hold” rating in a research note on Friday, November 24th. Zacks Investment Research upgraded Hormel Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays set a $40.00 target price on Hormel Foods and gave the stock an “overweight” rating in a research note on Friday, December 1st. Finally, Mizuho set a $34.00 target price on Hormel Foods and gave the stock a “hold” rating in a research note on Saturday, November 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $35.30.

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Hormel Foods Company Profile

Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.

Earnings History for Hormel Foods (NYSE:HRL)

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