Alert: New Earnings Report (11/29/23)-Hormel Foods Corp (NYSE: HRL).


Hormel Foods Corp (NYSE: HRL) has reported earnings for its fourth fiscal quarter (ending October 31) of $0.36 versus $0.51 for the same period a year ago — a decline of -29%. Relative to the consensus estimate of $0.45, this was a shortfall of $-0.09. For the latest four quarters through October 31, E.P.S. were $1.45 compared to $1.84 a year ago — a decline of -21%.


Recent Price Action

On 11/29/23, Hormel Foods Corp (NYSE: HRL) stock declined by -4.6%, closing at $30.47. Moreover, exceptionally high trading volume at 245% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -5.3% during the last week.

Current PriceTarget Research Rating

HRL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Hormel Foods has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hormel Foods has a neutral Appreciation Score of 59 and a slightly negative Power Rating of 31, leading to the Low Neutral Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

Be the first to comment

Leave a Reply

Your email address will not be published.