Hormel Foods Corp. (HRL) Scheduled to Post Quarterly Earnings on Thursday
Hormel Foods Corp. (NYSE:HRL) will be announcing its earnings results on Thursday, February 20th. Hormel Foods Corp. has set its FY14 guidance at $2.17-2.27 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
Hormel Foods Corp. (NYSE:HRL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts expect Hormel Foods Corp. to post $2.26 EPS for the current fiscal year and $2.53 EPS for the next fiscal year.
Shares of Hormel Foods Corp. (NYSE:HRL) opened at 45.15 on Wednesday. Hormel Foods Corp. has a one year low of $36.09 and a one year high of $46.75. The stock’s 50-day moving average is $44.96 and its 200-day moving average is $43.7. The company has a market cap of $11.905 billion and a price-to-earnings ratio of 23.16.
A number of research firms have recently commented on HRL. Analysts at Goldman Sachs initiated coverage on shares of Hormel Foods Corp. in a research note on Monday, December 16th. They set a “neutral” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Hormel Foods Corp. in a research note on Tuesday, December 3rd. They now have a $48.00 price target on the stock. Finally, analysts at Stephens downgraded shares of Hormel Foods Corp. from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, November 27th. They now have a $46.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Hormel Foods Corp. has a consensus rating of “Hold” and an average target price of $45.75.
Hormel Foods Corporation is primarily engaged in the production of a variety of meat and food products and the marketing of those products throughout the United States and internationally.
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