|Bid||47.17 x 800|
|Ask||47.18 x 1000|
|Day's Range||46.90 - 47.74|
|52 Week Range||39.01 - 52.97|
|Beta (5Y Monthly)||-0.05|
|PE Ratio (TTM)||29.12|
|Earnings Date||May 19, 2021 - May 24, 2021|
|Forward Dividend & Yield||0.98 (2.09%)|
|Ex-Dividend Date||Jan 08, 2021|
|1y Target Est||45.75|
Hormel Foods Corporation (NYSE: HRL), a global branded food company, today announced the appointments of Jeff Frank to vice president of Grocery Products, leading the strategic integration of the Planters and Corn Nuts brands into Hormel Foods. The Planters and Corn Nuts acquisition was announced on February 11, and is expected to be completed by the summer. Frank currently serves as vice president of marketing for the Foodservice business within Hormel Foods. Additionally, Annemarie Vaupel, currently director of marketing for the Foodservice division, will advance to vice president of marketing for the Foodservice division.
HRL earnings call for the period ending January 24, 2021.
Shares of Hormel Foods (NYSE:HRL) rose 0.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share fell 8.89% over the past year to $0.41, which were in line with the estimate of $0.41. Revenue of $2,461,000,000 up by 3.23% from the same period last year, which beat the estimate of $2,370,000,000. Guidance Hormel Foods sees FY21 EPS of $1.70-$1.82 and sales of $9.7 billion-$10.3 billion. Conference Call Details Date: Feb 18, 2021 View more earnings on HRL Time: 09:00 AM ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/hrl/mediaframe/43350/indexr.html Technicals Company's 52-week high was at $52.97 52-week low: $39.01 Price action over last quarter: Up 0.69% Company Profile Hormel Foods is a protein-focused branded food company. Its brands include its namesake Hormel, Spam, Jennie-O, Dinty Moore, Applegate, Wholly Guacamole, and Skippy. The vast majority of the company's revenue is U.S.-based: 67% U.S. retail, 26% U.S. food service, and 7% international. By product type, in fiscal 2020 22% of revenue was shelf-stable foods, 20% was poultry (branded and commodity), 55% was other perishable food, and 3% was other, primarily nutritional products. The company holds the number-one market position in shelf-stable meat, shelf-stable ready meals, pepperoni, natural/organic deli meat, guacamole, and the number-two position in turkey, bacon, chilled ready meals, and peanut butter. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 18, 2021Earnings Outlook for Hormel Foods© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.