HRL - Hormel Foods Corporation
40.27 0.00 (0.00%)
After hours: 4:55PM EDT
| Previous Close | 39.13 |
| Open | 39.16 |
| Bid | 40.27 x 1000 |
| Ask | 40.28 x 1300 |
| Day's Range | 39.08 - 40.54 |
| 52 Week Range | 35.12 - 46.26 |
| Volume | 5,104,561 |
| Avg. Volume | 2,898,560 |
| Market Cap | 21.572B |
| Beta (3Y Monthly) | -0.21 |
| PE Ratio (TTM) | 23.14 |
| EPS (TTM) | 1.74 |
| Earnings Date | Aug 21, 2019 - Aug 26, 2019 |
| Forward Dividend & Yield | 0.84 (2.10%) |
| Ex-Dividend Date | 2019-07-12 |
| 1y Target Est | 38.73 |
- Thomson Reuters StreetEvents•18 hours ago
Edited Transcript of HRL earnings conference call or presentation 23-May-19 1:00pm GMT
Q2 2019 Hormel Foods Corp Earnings Call
- TheStreet.com•yesterday
Dow Ends Sharply Lower as U.S.-China Trade War Intensifies; Tech Hit Hard
The Dow Jones Industrial Average ended sharply lower Thursday as the trade war between the U.S. and China intensified. cut its second-quarter guidance amid lower revenue expectations resulting from the U.S. ban on business with Huawei Technologies. beat Wall Street's first-quarter earnings expectations and confirmed its full-year profit guidance, but was still ended down.
- InvestorPlace•yesterday
5 Top Stock Trades for Friday: AMZN, HRL, LB, BBY
The market is starting to pick a direction and for many trend traders, that's great. They don't care which direction the market is going in, as long as it's going in one. Unfortunately, that direction may be lower. What makes this market so tough is, it takes one tweet from the president to surge or crush stocks on any given day. No matter your political affiliation, that makes trading tough. We'll do our best though, as we look at a few top stock trades for Friday. Top Stock Trades for Tomorrow 1: Amazon Click to EnlargeWe weren't surprised by the bounce in Amazon (NASDAQ:AMZN) with shares testing the 50-day earlier this month. However, InvestorPlace readers also shouldn't be surprised if AMZN goes on to test the 200-day now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares are breaking below the month's low, is below the 50-day for the first time since March, and made a lower high when it found the 20-day moving average to be resistance a few days ago. * 6 Stocks to Buy for This Decade's Massive Megatrend The market can turn on a dime and AMZN could reclaim the 50-day on Friday or early next week. But right now, the charts are pointing to a further decline down to the 200-day. If it overshoots, look for the $2,700 breakout level to buoy the name.But I suspect Amazon will attract some buyers near $1,750 assuming it gets that low, and at least on its first test. Top Stock Trades for Tomorrow 2: Hormel Click to EnlargeHormel (NYSE:HRL) was a tricky post-earnings trade. Shares are down just 1.25% -- actually outperforming the S&P 500 on Thursday -- but took a mighty tumble earlier in the session.Shares hit a low of $37 in the first few minutes of trading and haven't looked back since. It gives investors a level to shoot against should they decide to take a position in this name. Holding up over $36 to $37 is constructive, but HRL still has its work cut out for it.The stock is still struggling to hurdle the 20-day moving average, currently at $39.74, while even larger resistance looms higher. Not only has $40 to $40.50 kept a lid on the stock since April, but the 10-week and 50-week moving averages are converging in this area. Further, the 50% retracement for the one-year range is up a little higher, near $40.90.If HRL can clear this area -- say to $41 -- it could continue moving higher. Top Stock Trades for Tomorrow 3: L Brands Click to EnlargeL Brands (NYSE:LB) is locked in a brutal multi-year downtrend. The 50-day and 20-day moving averages continue to act as resistance, which we're seeing play out on Thursday post-earnings, even though LB has so far rallied off its session lows. Incidentally, these were fresh 52-week lows as well.What now?While this is an apparel play, I would rather go with Target (NYSE:TGT), Home Depot (NYSE:HD), TJX Companies (NYSE:TJX) or another retailer that has momentum right now. As it relates to LB, shares need to reclaim the $25 level and the 20-day moving average for bulls make any headway. Below increases the odds that it will take out this week's low at some point down the road.This stock is down massively from its highs a few years ago, off more than 70% from peak to the recent low. Above $25 could get LB to $27.50 and/or the 50-day if momentum continues. Top Stock Trades for Tomorrow 4: Best Buy Click to EnlargeAmazon couldn't escape the selling and neither could Best Buy (NYSE:BBY). The latter is down 5.5% on earnings and the charts are breaking down.The 20-day and 50-day moving averages are acting as resistance and the stock has notched a lower high. Further, the 200-day is not holding as support, nor is the $66 level or uptrend support (blue line).Short of BBY reclaiming $68 to $69, a gap fill down to $60 seems more than possible. Top Stock Trades for Tomorrow 5: PepsiCo Click to EnlargeI really wanted to cover Roku (NASDAQ:ROKU) as it makes new highs, but we've been all over that one since Q4 2018. Instead, we'll do that on Friday and cover another strong stock instead: PepsiCo (NYSE:PEP).This dividend stud has been angry, up more than 22% from its January lows. Does it deserve this type of run?Maybe not, but I'm not going to fight the trend. Aggressive investors can buy dips into uptrend support, while more conservative bullish traders can nibble on tests of the 10-week moving average, provided it holds as support. Should trend fail, look for a possible retest of the $118 level as support. * 6 Innovative Stocks With Big Long-Term Growth Potential As for upside, PEP could run into the low $130s before it hits channel resistance, even though it's already had a strong run.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and ROKU. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Top Stock Trades for Friday: AMZN, HRL, LB, BBY appeared first on InvestorPlace.
Motley Fool•yesterdayHormel Foods Corp (HRL) Q2 2019 Earnings Call Transcript
HRL earnings call for the period ending March 31, 2019.
- Benzinga•yesterday
Hormel: African Swine Fever In China Impacted Hog, Pork Markets
Shares of the American food products company Hormel Foods Corporation (NYSE: HRL ) were trading lower Thursday following a mixed second-quarter print, with the group warning that African swine flu in ...
- Zacks•yesterday
Hormel Foods (HRL) Q2 Earnings Beat, Stock Down on View Cut
Hormel Foods' (HRL) top and bottom lines grow year over year in second-quarter fiscal 2019. However, input cost inflation and expectations of volatile pork prices lead to a lowered outlook.
Bloomberg•yesterdayHormel Cuts Forecast on Rising Pork Prices
Revenue will probably not surpass $10 billion and earnings per share will reach $1.85 at the most this fiscal year, the maker of Spam canned meat and Skippy peanut butter said in a statement, down from earlier peak estimates of $10.2 billion and $1.91 a share. The company will respond with price increases across a number of segments, including the groceries division, which also makes Dinty Moore stew. Pork prices have swelled as China struggles to contain a nine-month-long outbreak of African swine fever -- a contagious disease that kills most infected pigs within days.
- TheStreet.com•yesterday
Hormel Foods Says Sales to Take a Hit From African Swine Fever
on Thursday reported quarterly earnings that were in line with analysts' forecasts, though warned that the impact of African swine fever on hog and pork prices affected its quarterly sales, and will continue to impact revenue and earnings. The company lowered its fiscal 2019 earnings guidance range, however, based on higher costs related to the impact of African swine fever in the second quarter and expectations of volatile domestic pork prices in the second half of fiscal 2019. "In spite of record sales, second-quarter earnings did not meet our expectations," Hormel CEO Jim Snee said in a statement.
- Zacks•yesterday
Hormel Foods (HRL) Tops Q2 Earnings Estimates
Hormel (HRL) delivered earnings and revenue surprises of 2.22% and -0.98%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
- Reuters•yesterday
US STOCKS-Futures tumble on fears of possible U.S.-China tech cold war
U.S. stock index futures slid on Thursday, as investors worried that the U.S.-China trade war could spiral into a technology cold war between the two countries, with no signs of resolution in sight. Beijing said Washington needs to correct its "wrong actions" for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week. Investors now fret that tit-for-tat tariffs and other retaliatory actions by the world's two largest economies will be a drag on global growth, especially hitting the high-growth technology sector.
- ACCESSWIRE•yesterday
Hormel Foods Corp. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / Hormel Foods Corp. (NYSE: HRL ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on May 23, 2019 at 9:00 AM Eastern ...
- MarketWatch•yesterday
Hormel's stock fall after profit beats expectations but sales miss and guidance cut
Shares of Hormel Foods Corp. fell 1.5% in premarket trade Thursday, after the parent of Skippy, Spam and Natural Choice food brands reported fiscal second-quarter earnings that beat expectations, but sales that came up shy and lowered its full-year outlook. Net income for the quarter to April 28 rose to $282.4 million, or 52 cents a share, from $237.4 million, or 44 cents a share, in the year-ago period. Excluding non-recurring items, such as a gain from a divestiture, adjusted earnings per share came to 46 cents, above the FactSet consensus of 45 cents. Sales rose 0.6% to $2.34 billion, just below the FactSet consensus of $2.37 billion. Among Hormel's business segments, refrigerated foods sales grew 1.0% to $1.26 billion versus the FactSet consensus of $1.27 billion; grocery sales increased 2.2% to $635.3 million to top expectations of $628.4 million; and Jennie-O Turkey sales increased 0.5% to $305.3 million to beat expectations of $299.0 million. For fiscal 2019, Hormel cut its guidance ranges for EPS to $1.71 to $1.85 from $1.77 to $1.91 and for sales to $9.50 billion to $10.0 billion from $9.70 billion to $10.20 billion, citing input cost increases experienced in the second quarter and expectations of volatile domestic pork prices in the second half of the year. The stock has shed 7.5% year to date through Wednesday, while the S&P 500 has gained 13.9%.
- Associated Press•yesterday
Hormel: Fiscal 2Q Earnings Snapshot
On a per-share basis, the Austin, Minnesota-based company said it had profit of 52 cents. Earnings, adjusted for non-recurring gains, were 46 cents per share. The results topped Wall Street expectations. ...
- PR Newswire•yesterday
Hormel Foods Reports Second Quarter Results
Company's leading brands, balanced business model and strong balance sheet position it to manage through the near-term uncertainty related to African swine fever in China AUSTIN, Minn. , May 23, 2019 /PRNewswire/ ...
- Financial Times•2 days ago
US food and restaurant chains hit by rising pork prices
A disease ravaging hog farms 11,000km away in China is affecting US restaurant chains and meat producers, leaving customers forking over higher prices for their pork. in China drove up pork costs, weighing on its quarterly earnings and contributing to a cut in its full-year earnings and sales outlook. Meanwhile shares in Chipotle Mexican Grill came under pressure after analysts at BMO Capital Markets issued the equivalent of a sell rating for the stock, warning that surging pork prices will eat into the restaurant chain’s bottom line.
- Benzinga•2 days ago
A Preview Of Hormel Foods Q2 Earnings
Hormel Foods (NYSE: HRL ) announces its next round of earnings this Thursday, May 23. Here is Benzinga's everything-that-matters guide for this Thursday's Q2 earnings announcement. Earnings and Revenue ...
- TheStreet.com•2 days ago
Spam Maker Hormel Foods Expected to Earn 45 Cents a Share
is expected to report quarterly earnings of 45 cents a share on sales of $2.4 billion after the market closes on Thursday, based on a FactSet survey of 12 analysts. Quarterly estimates have fallen less than 1 cent a share in the past month. Hormel Foods is currently trading at a price-to-forward-earnings ratio of 21.7 based on the 12-month estimates of 12 analysts surveyed by FactSet.
- PR Newswire•3 days ago
Hormel Foods Corporation Declares Quarterly Dividend
AUSTIN, Minn. , May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that its quarterly dividend on the common stock, authorized by the Board ...
- PR Newswire•3 days ago
Hormel Foods Honors 71 Suppliers with Spirit of Excellence Award
AUSTIN, Minn. , May 21, 2019 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) recently awarded 71 suppliers with a 2018 Spirit of Excellence Award for their roles in the company's continuous improvement ...
- Zacks•4 days ago
IPO All-Star Beyond Meat (BYND) Utilizes Athletes to Expand Plant-Based Meat Business
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
- Zacks•7 days ago
Hormel Foods (HRL) to Post Q2 Earnings: What's in the Cards?
Dismal Turkey market and rising input costs are likely to weigh on Hormel Foods (HRL) in Q2. However, robust food service performance may provide some support to the stock.
- Simply Wall St.•7 days ago
Should Hormel Foods Corporation (NYSE:HRL) Be Part Of Your Dividend Portfolio?
Dividend paying stocks like Hormel Foods Corporation (NYSE:HRL) tend to be popular with investors, and for good reason...
- Zacks•8 days ago
Hormel Foods (HRL) Reports Next Week: Wall Street Expects Earnings Growth
Hormel (HRL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- PR Newswire•9 days ago
Hormel Foods Named to 100 Best Corporate Citizens List for 11th Consecutive Year
AUSTIN, Minn., May 15, 2019 /PRNewswire/ -- Corporate Responsibility Magazine (CR Magazine) has named Hormel Foods Corporation (HRL) to its 20th annual 100 Best Corporate Citizens ranking, recognizing outstanding environmental, social and governance (ESG) transparency and performance amongst the 1,000 largest U.S. public companies. "We are extremely proud of our journey to make the world a better place and are proud to be recognized for the 11th consecutive year as an outstanding corporate citizen," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. Hormel Foods was ranked No. 37 on the list, which was based on 134 updated corporate disclosure and performance factors in seven categories: climate change, employee relations, environment, finance, governance, human rights and stakeholders and society.
- InvestorPlace•14 days ago
7 Dividend Stocks to Buy as the Trade War Reignites
As of midnight this morning, the U.S. boosted tariffs on $200 billion worth of Chinese goods from 10% to 25%. The markets had expected this to be the week that this deal got done, but it blew up instead, and no one is sure how it ends at this point. It seems the market is still hoping for the best, while hedging for bad news. But it certainly hasn't priced in a worst-case scenario … yet.A couple positives: The tariffs don't hit until the current fleet of cargo ships that left port as of the deadline hit U.S. shores. That gives the parties a softer deadline of about 3-4 weeks to hammer something out before the tariffs take effect.And remember, regardless of the rhetoric, this is going to hit U.S. consumers and business. The companies will be paying more for goods and passing those prices on to consumers. It hits China, too, but the lion's share is out of U.S. pocketbooks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, economic numbers out of China have been trending down. That means they may be more interested in cutting a deal than they were when their numbers were coming in well above average. * 7 Cloud Stocks to Buy on Overcast Days Regardless of how it pans out, it's a good time to add some income to your portfolio. These 7 dividend stocks to buy as the trade war reignites all get As in my Portfolio Grader for their momentum and rank high for fundamentals as well. They're great long-term foundation stocks. Best Dividend Stocks: Blackstone Group LP (BX)Source: Shutterstock Dividend Yield: 5.5%Blackstone Group (NYSE:BX) is a private equity firm that specializes in alternative investments (like real estate, infrastructure, etc), hedge funds and investment funds -- including closed-end funds -- for institutions and high-net-worth individuals.Set up as a limited partnership, it means investors are direct owners that participate in the company's net profits in the form of dividends. Its current dividend is a healthy 5.5% in the past year, and that's on top of a nearly 25% run for the stock in the past 12 months. That's a very respectable return on one of the world's top private equity firms that sports a $47 billion market cap.BX is built for a slow-growth economy. What's more, if a full-blown trade war does show up, this is the kind of stock that institutions will flock to for shelter from any storms. Dominion Energy (D)Source: Shutterstock Dividend Yield: 5%Dominion Energy (NYSE:D) is one of the top electric utilities on the East Coast. Its primary market is Virginia, but it has reach into neighboring states and its unregulated business has prized assets like its Cove Point liquified natural gas (LNG) export facility in Maryland.Cove Point is the only LNG export facility on the East Coast at this point and one of only three import and storage facilities. This is a huge asset that grows in value for the utility every year, given the demand for natural gas in Europe, where prices are significantly higher.D also has a very good relationship with Virginia regulators, so that side of the business is strong. * 7 Dangerous Dividend Stocks to Stay Far Away From While the stock is up a solid 18% in the past 12 months, its rock-solid dividend kicks in another 5% on top of that. Its Mid-Atlantic Pipeline project has hit some snags, but the President Donald Trump administration is prepared to get the project done one way or the other. Darden Restaurants (DRI)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.5%Looking for restaurant dividend stocks? Darden Restaurants (NYSE:DRI) sold its iconic Red Lobster seafood chain about 5 years ago now, and it hasn't looked back.Remember, it still owns Olive Garden and LongHorn Steakhouse chains at the "everyman" level and high-end spots like Eddie V's and Capitol Grille. What's more, it has some mid-priced boutique restaurants like Seasons 52, Bahama Breeze and Yard House in there as well.The point is, losing Red Lobster was a great opportunity to pivot into new markets and develop new ideas. And given the fact DRI stock started way back in 1938, staying nimble and seeing the next big thing coming along is part of its DNA.Given the continued strong economy -- more money for consumers to go out for bite more often -- its 33% return is impressive, but not surprising. There's more of that to come. Its reliable 2.5% dividend isn't a bell-ringer, but it shows that the company is investor friendly and that it can deliver, come what may. Hormel Foods (HRL)Source: Mike Mozart via Flickr (Modified)Dividend Yield: 2.1%Hormel Foods (NYSE:HRL) began in 1891 in Austin, Minnesota, as a meat packing business that started national expansion ahead of the competition.Not only did HRL produce the first canned ham in the U.S., but it transformed that business by the 1930s into brands that live on today like Hormel Chili, Dinty Moore Stew and SPAM. Remember, this was at the height of the Depression and HRL was actually expanding its product line downwards so that people could buy cheap, quality food products.By the late '30s, HRL had introduced profit sharing for its employees.And that sense of loyalty combined with innovation has continued at the company. It now owns natural meat brands like Columbus and Applegate, as well as ethnic brands like Chi-Chi's, Embasa and Del Fuente. It even has its Hormel fuse burger brand that's a lean protein burger with whole grains and veggies. * 10 Great Stocks to Buy on Dips This is a competitive sector, but HRL has proven it can compete and endure where others flame out. Its 2.1% dividend is as reliable as sunrise; it's a great long-term foundation stock. Realty Income (O)Source: Shutterstock Dividend Yield: 4%Realty Income (NYSE:O) is a real estate investment trust (REIT) that owns and operates properties for some of the biggest retail names in the business.Bear in mind, it doesn't operate big malls, but generally stand-alone properties. It's top 5 tenants, in order, are Walgreens (NASDAQ:WBA), 7 Eleven, FedEx (NYSE:FDX), Dollar General (NYSE:DG) and LA Fitness. Its longer list of tenants is equally impressive.What's more, O pays its dividend monthly rather than quarterly, so it's a great choice for income seekers that want to diversify their income stream. Right now, it's delivering a 4% dividend that has been rock-solid for many years.And on the growth side, O stock is up 28% in the past 12 months. Given the slow-growth economy ahead, that's just the tip of its potential. REITs are one of the hottest sectors for 2019 and beyond. Kinder Morgan (KMI)Source: Roy Luck via FlickrDividend Yield: 5.1%Kinder Morgan (NYSE:KMI) calls itself an energy infrastructure company, but what that means in laymen's terms is it's a major midstream energy company. Boiled down further, it's a energy pipeline and storage company.And that is a very good business to be in these days.Granted, it wasn't an easy path to get here. KMI used to be one of the first master limited partnerships in the burgeoning energy industry at the turn of the 21st Century. But when energy prices tanked and supply dried up, KMI dumped its MLP structure and became a corporation. That was 2014.Now, the stock is back, along with energy demand both domestic and abroad. And KMI is once again delivering an outsized dividend, just like in the good ol' days. * 7 Strong Buy Stocks That Tick All the Boxes Currently KMI stock, which is up 18% for the year, is paying out a healthy and sustainable 5.1% dividend. And if this slow, steady economic growth continues, so will the returns for KMI stock and many of its fellow dividend stocks. Qualcomm (QCOM)Source: Shutterstock Dividend Yield: 2.9%Qualcomm (NASDAQ:QCOM) may seem like an odd stock to be in a short list of dividend stocks, but it actually makes a lot of sense.First, QCOM, one of the leading mobile chip and equipment makers and licensing companies, has paid a dividend for a pretty long time.Second, now that all its lawsuits are over, QCOM is ready for the next wave of mobility technology products.Recently, the Justice Department interceded in a case before the Federal Trade Commission about the size of QCOM's royalty payments. It recommended that the FTC go easy on the firm because the U.S. needs a reliable 5G partner that's U.S.-based.This rekindled affection for QCOM is evident in the stock's 51% return in the past 12 months. It has been a few years since the stock has been in favor, so there's plenty of headroom left.Plus, its nearly 3% dividend is a welcome kicker for this top-performing tech on the rebound.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post 7 Dividend Stocks to Buy as the Trade War Reignites appeared first on InvestorPlace.
