Hormel Foods Corp. (HRL) Set to Announce Earnings on Wednesday
Hormel Foods Corp. (NYSE:HRL) is set to post its Q214 quarterly earnings results on Wednesday, May 21st. Analysts expect Hormel Foods Corp. to post earnings of $0.56 per share and revenue of $2.24 billion for the quarter. Hormel Foods Corp. has set its FY14 guidance at $2.17-2.27 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Hormel Foods Corp. (NYSE:HRL) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.01. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.25 billion. On average, analysts expect Hormel Foods Corp. to post $2.26 EPS for the current fiscal year and $2.55 EPS for the next fiscal year.
Hormel Foods Corp. (NYSE:HRL) opened at 49.07 on Tuesday. Hormel Foods Corp. has a one year low of $37.46 and a one year high of $49.52. The stock’s 50-day moving average is $48.0 and its 200-day moving average is $46.02. The company has a market cap of $12.954 billion and a P/E ratio of 24.00.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Monday, July 21st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.63%.
A number of research firms have recently commented on HRL. Analysts at KeyCorp raised their price target on shares of Hormel Foods Corp. from $52.00 to $55.00 in a research note on Wednesday, March 19th. They now have a “buy” 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 Wednesday, March 5th. They now have a $50.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Hormel Foods Corp. from $49.00 to $53.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.38.
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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