Analysts Ratings: Hormel Foods Corporation (NYSE:HRL)

The company has experienced volume of 5.73M shares while on average the company has a capacity of trading 2.22M shares.

The company reported record net earnings of $195.7 million, or 36 cents per diluted share, for the third quarter up 33 percent from net earnings of $146.9 million in Q3 2015, or 27 cents per diluted share. Mean Earnings Per Share (EPS) forecast is set at $0.35 by these analysts for This Quarter.

-Earnings (Q3): $195.65 Mln. vs. $146.94 Mln. previous year.

Hormel Foods Corp (NYSE:HRL) mean estimate for revenue for the ongoing quarter ending Jul 16 is $2.26B by 7 analysts. “We expect a strong finish to fiscal 2016, led by valued-added sales in Refrigerated Foods, Jennie-O Turkey Store and worldwide”, remarked James Snee, president and COO.

International & Other operating profit up 5 percent; volume up 10 percent; dollar sales up 5 percent. The Refrigerated Foods operating profit increased 24 percent and volume was up 3 percent.

The Specialty Foods segment profit decreased 13 percent and sales for this segment also decreased 25 percent in Q3 2016. This estimate includes the sale of the Diamond Crystal business and the acquisition of Justin’s LLC. “Excellent results in Refrigerated Foods were driven by the addition of the Applegate business, foodservice sales of OLD SMOKEHOUSE® bacon, HORMEL® BACON 1™ fully cooked bacon, and HORMEL® FIRE BRAISED™ meats, and retail sales of HORMEL® NATURAL CHOICE®meats”. They are projecting Next Quarter growth of 0%. Results reflect a $9.6 million mark-to-market loss on hedges.

Jennie-O Turkey Store segment profit increased 59 percent and sales increased 20 percent following the recovery from highly pathogenic avian influenza in fiscal 2015. Exports of fresh pork, SKIPPY® peanut butter, and the SPAM® family of products drove the improved results.

In related news, Director Dakota A. Pippins sold 5,000 shares of the stock in a transaction dated Friday, July 1st.

The firm, which has a $44 price target on the stock, designated the Austin, MN-based food maker its “Surprise Pick” for the year. Over the one year trading period, the stock has a high price of $45.72 and its low price is recorded at $29.18.

Hormel Foods Corporation (HRL) opened the session with a $37.025 price tag, later ranging from $36.87 to $37.94, the range at which the stock has traded at throughout the day. The company recorded a trading capacity of 1.19 million shares below its three months average daily volume of 1.38 million shares.

The share price of Amsurg Corp (NASDAQ:AMSG) plunged -22.7% for the year. Jefferies Group reaffirmed a “hold” rating on shares of Hormel Foods Corp.in a research report on Wednesday, August 3rd. (Symbol: HRL) crossed above their 200 day moving average of $38.45, changing hands as high as $38.67 per share. ATR value of corporation was 0.62. The Stock now has a Weekly Volatility of 1.87% and Monthly Volatility of 1.60%. The beta, which indicates risk in relegation to the market, remained 0.55. Hormel Foods Corp makes up approx 0.12% of Id Management As’s portfolio. The debt-to-equity ratio (D/E) was recorded at 0.00.

The company shows its Return on Assets (ROA) value of 12.9%.