Wall Street analysts expect Hormel Foods Corp (NYSE:HRL) to report $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have issued estimates for Hormel Foods’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.46. Hormel Foods reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The business is expected to report its next quarterly earnings results on Thursday, May 23rd.

According to Zacks, analysts expect that Hormel Foods will report full-year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.79 to $1.88. For the next fiscal year, analysts expect that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.85 to $2.10. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Hormel Foods.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, February 21st. The company reported $0.44 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.44. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Hormel Foods had a return on equity of 17.58% and a net margin of 9.93%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS.

Several brokerages have weighed in on HRL. Zacks Investment Research raised Hormel Foods from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, February 28th. Jefferies Financial Group reissued a “hold” rating and set a $44.00 price objective on shares of Hormel Foods in a report on Thursday, February 21st. Stephens began coverage on Hormel Foods in a report on Monday, March 4th. They set an “equal weight” rating for the company. Finally, Credit Suisse Group reissued a “hold” rating and set a $39.00 price objective on shares of Hormel Foods in a report on Thursday, February 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.33.

In other news, Director Elsa A. Murano sold 5,808 shares of the business’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $42.00, for a total transaction of $243,936.00. Following the completion of the transaction, the director now directly owns 98,565 shares in the company, valued at approximately $4,139,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman James P. Snee sold 27,752 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $43.49, for a total value of $1,206,934.48. Following the transaction, the chairman now owns 75,464 shares of the company’s stock, valued at $3,281,929.36. The disclosure for this sale can be found here. Insiders have sold a total of 38,255 shares of company stock valued at $1,652,755 over the last 90 days. Corporate insiders own 1.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of HRL. Wells Fargo & Company MN grew its position in shares of Hormel Foods by 8.6% in the 3rd quarter. Wells Fargo & Company MN now owns 586,252 shares of the company’s stock valued at $23,097,000 after purchasing an additional 46,634 shares during the period. AXA acquired a new position in shares of Hormel Foods in the 3rd quarter valued at approximately $3,373,000. Janus Henderson Group PLC grew its position in shares of Hormel Foods by 485.2% in the 3rd quarter. Janus Henderson Group PLC now owns 632,124 shares of the company’s stock valued at $24,905,000 after purchasing an additional 524,110 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Hormel Foods by 2.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 176,769 shares of the company’s stock valued at $6,964,000 after purchasing an additional 4,680 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Hormel Foods by 5.6% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,023 shares of the company’s stock valued at $3,232,000 after purchasing an additional 4,364 shares during the period. Institutional investors own 43.45% of the company’s stock.

Shares of NYSE:HRL opened at $43.95 on Thursday. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.92 and a beta of 0.18. Hormel Foods has a 1-year low of $33.23 and a 1-year high of $46.26. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 0.77.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, April 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. Hormel Foods’s payout ratio is currently 44.44%.

Hormel Foods Company Profile

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

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Earnings History and Estimates for Hormel Foods (NYSE:HRL)

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