Hormel Foods Corp (HRL) to Release Earnings on Thursday
Hormel Foods Corp (NYSE:HRL) is scheduled to issue its Q314 quarterly earnings data on Thursday, August 21st. Analysts expect the company to announce earnings of $0.49 per share and revenue of $2.23 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Shares of Hormel Foods Corp (NYSE:HRL) opened at 47.51 on Wednesday. Hormel Foods Corp has a 1-year low of $40.60 and a 1-year high of $49.87. The stock’s 50-day moving average is $47.51 and its 200-day moving average is $47.54. The company has a market cap of $12.542 billion and a P/E ratio of 22.69.
A number of research firms have recently commented on HRL. Analysts at Credit Agricole downgraded shares of Hormel Foods Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. Analysts at Credit Suisse downgraded shares of Hormel Foods Corp from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $50.00 price target on the stock, up previously from $49.00. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Hormel Foods Corp has a consensus rating of “Hold” and a consensus price target of $48.20.
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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