Hormel Foods Corp. reported Thursday a fiscal first-quarter profit of $235.1 million, or 44 cents a share, compared with a profit of $235.2 million, or 43 cents a share, in the same period a year ago.
"12" Analysts are saying that the company to report next quarterly earnings of $0.41 per share for period Quarter Ending_Apr-17. Two analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. For the Trailing twelve month period, company showed a Net Profit Margin of 9.35% and Return on Equity of the stock is 20.56%. Flinton Capital Management LLC acquired a new position in Hormel Foods Corporation during the fourth quarter worth $5,163,000. Vanguard Group Inc is the second biggest holder with 28 million shares now valued at 1.07 B million whilst State Street Corp has 16 million shares valued at 598.61 million. Finally, Piper Jaffray Companies began coverage on Hormel Foods Corporation in a research report on Monday, January 9th. Revenue for the quarter was $2.3B while analysts called for revenues to be $2.3B. Analysts expect the company to announce earnings of $0.45 per share and revenue of $2.28 billion for the quarter. Gemmer Asset Management LLC boosted its position in shares of Hormel Foods Corporation by 0.4% in the third quarter.
Hormel Foods Corporation (NYSE:HRL) opened at 37.60 on Wednesday. The number of shares now owned by investors are 528.52 mln. Huntington National Bank increased its position in shares of Hormel Foods Corporation by 17.1% in the third quarter. The stock carved out a 52-week low down at $33.02.
Katy Perry's backing dancer falls off stage at Brit Awards
Katy Perry, who spent most of last year campaigning for USA presidential candidate Hillary Clinton, appeared to take aim at U.S. It's all fun and games until a backup dancer dressed as a house falls off the stage at a major awards ceremony.
Several institutional investors have recently added to or reduced their stakes in HRL.
Earnings Surprise: According to the earnings report released for Quarter Ending_Oct-16, The Company posted actual earnings of $0.45 per share whereas the Analysts projected earnings were $0.46 per share.
The stock's 50 day moving average price is $36.37 and its 200-day moving average price is $36.55. The consensus 12-month price target from analysts covering the stock is $39.73.
Passing Game Coordinator Zach Azzanni Leaving Tennessee Program for the Chicago Bears
Other coaching roles for Azzanni include stops at Central Michigan, Western Kentucky and Wisconsin. Tennessee will have yet another new coach in its football program for 2017.
The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 21.52 and a beta of 0.49.
On August 18, 2016, it reported earnings at $0.36 a share compared with the consensus estimate of $0.34 per share (positive surprise of 5.88%).
"Hormel Foods Corporation (HRL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS" was posted by Chaffey Breeze and is owned by of Chaffey Breeze.
Manhattan-Sized Iceberg Breaks Away From Antarctic Glacier
In some cases, big icebergs simply float around Antarctica for years, causing little threat to shipping lanes as they melt. The crack in the Larsen C ice shelf is now about 1,500 feet wide, and has grown by about 20 miles since December.
Looking ahead, HRL forecast worse than expected 2017 earnings, slashing its expected EPS range to $1.65-1.71 from a prior $1.68-1.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Splinter sold 34,262 shares of the firm's stock in a transaction on Monday, December 5th. The shares were sold at an average price of $36.03, for a total value of $666,627.06. Following the completion of the transaction, the director now owns 143,644 shares in the company, valued at $5,175,493.32. Zacks Investment Research cut Hormel Foods Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday, December 13th. To measure price-variation, we found HRL's volatility during a week at 2.26% and during a month it has been found around 1.54%. HBK Sorce Advisory LLC now owns 10,362 shares of the company's stock worth $393,000 after buying an additional 93 shares during the period.