|Bid||0.00 x 800|
|Ask||47.02 x 1100|
|Day's Range||45.33 - 46.05|
|52 Week Range||31.71 - 46.05|
|Beta (3Y Monthly)||-0.49|
|PE Ratio (TTM)||25.78|
|Earnings Date||Nov 20, 2018|
|Forward Dividend & Yield||0.75 (1.66%)|
|1y Target Est||38.17|
NEW YORK (AP) — Jennie-O Turkey recalled ground turkey in a salmonella outbreak, and regulators say additional products from other companies could be named as their investigation continues.
shares held steady Friday morning after news that its Jennie-O brand is voluntarily recalling thousands of pounds of turkey products out of concern they may be linked to the recent outbreak of Salmonella bacteria. USDA investigators, along with the Centers for Disease Control and Prevention and the Arizona Department of Health Services, had tested unopened Jennie-O brand turkey from the home of a patient who fell ill and it matched outbreak strain, prompting the recall, according to the USDA. All of the turkey products were produced on Sept. 11 and have use-by dates of Oct. 1 or Oct. 2, according to the, U.S. Department of Agriculture's Food Safety and Inspection Service.
WILLMAR, Minn., Nov. 16, 2018 /PRNewswire/ -- Jennie-O Turkey Store has voluntarily recalled a limited amount of raw ground turkey products, involving one production line from a single day's production. Information for consumers is available on the Jennie-O Turkey Store website at https://www.jennieo.com/content/ground-turkey-recall. The recall only includes fresh raw ground turkey with expiration dates of 10/1 and 10/2 and is no longer in stores.
Hormel Foods is slated to report its fourth-quarter results on November 20. Its reduced tax burden is likely to support its bottom-line performance. Analysts expect adjusted EPS growth of 18.7% to $0.47 for the fourth quarter. Hormel Foods is expected to report a 3.0% increase in sales to $2.57 billion in the fourth quarter.
On November 14, Hormel Foods Corporation (HRL) was trading at a 12-month forward PE multiple of 24.3x. Meanwhile, Tyson Foods (TSN) is trading at a 12-month forward PE ratio of ~9.7x. Pilgrim’s Pride (PPC), Sanderson Farms (SAFM), ConAgra (CAG), and Campbell Soup (CPB) are trading at 12-month forward PEs of 10.3x, 53.5x, 14.2x, and 15.4x, respectively, as of November 14.
Hormel Foods Corp.'s Jennie-O Turkey Store Sales LLC said it is recalling about 91,388 pounds, or nearly 46 tons, of raw ground turkey products due to a possible link with an outbreak of salmonella contamination. The product items, which were produced on Sept. 11, 2018, subject to recall are 1 pound packages of "Jennie-O Ground Turkey 93% Lean, 7% Fat, with use-by dates of Oct. 1 and Oct 2; 1 pound packages of "Jennie-OTaco Seasoned Ground Turkey with a use-by date of Oct. 2; 1 pound packages of "Jennie-O Ground Turkey 85% Lean, 15% Fat, with a use-by date of Oct. 2; and 1 pound packages of "Jennie-O Seasoned Ground Turkey, with a use-by date of Oct. 2. The Center for Disease Control has been investigating a Salmonella outbreak in which 164 people from 35 states have been reported infected with Salmonella as of Nov. 5, with 63 people hospitalized and 1 death reported in California. The recall of Jennie-O turkey comes as CDC and other public health officials have been conduction "traceback" activities for a sample of Jennie-O ground turkey, in an intact, unopened package from a salmonella case-patient's home. The patient test positive for salmonella, and the sample from the ground turkey matches the outbreak strain. Hormel's stock was still inactive in premarket trade. It has rallied 20% over the past three months and the S&P 500 has lost 3.9%.
As of November 14, of the 12 analysts covering Hormel Foods’ (HRL) stock, 17% recommend a “buy” while 67% recommend a “hold” and the remaining 16% recommend a “sell.”
Wall Street’s consensus estimates for Hormel Foods’ (HRL) adjusted EPS in the fourth quarter of fiscal 2018 stand at $0.49, representing 18.7% growth year-over-year. Higher sales and a lower tax rate are expected to cushion the bottom line. Share buybacks also provide some upside to the EPS.
Hormel Foods (HRL) is slated to report its results for the fourth quarter of 2018 on November 20. Wall Street analysts expect the company to report sales of $2.57 billion, which reflects 3.0% growth on a year-over-year basis. The growth marks an improvement over the decline of 5.2% in the fourth fiscal quarter of 2017.
AUSTIN, Minn. , Nov. 14, 2018 /PRNewswire/ -- Just in time for the holidays, the makers of House of Tsang ® Asian sauces and oils announced today the launch of a new line of Asian Mix'n Dip sauces. Available ...
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.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Goods sector is rising.
AUSTIN, Minn., Nov. 9, 2018 /PRNewswire/ -- Hormel Foods Corporation (HRL) today announced the recipients of this year's $10,000 Hormel Heroes Scholarships. The Hormel Heroes Scholarship Program was created by Hormel Foods to support students with military backgrounds pursuing degrees in culinary arts or a foodservice management related program and is administered by the National Restaurant Association Educational Foundation (NRAEF).
Get the whole story on your whole turkey. WILLMAR, Minn., Nov. 8, 2018 /PRNewswire/ -- Jennie-O Turkey Store, a wholly owned subsidiary of Hormel Foods (HRL), today announced the launch of its online Turkey Tracker where consumers can track their fresh or frozen JENNIE-O® whole turkey back to its originating farm. Each fresh and frozen turkey package now includes a tracking code stamped on the package's hang tag that can be entered into the JENNIE-O® Turkey Tracker page on the company's website.
WILLMAR, Minn., Nov. 5, 2018 /PRNewswire/ -- This holiday season, Jennie-O Turkey Store, a wholly owned subsidiary of Hormel Foods (HRL), is encouraging busy hosts to give their families the bird — a JENNIE-O® OVEN READY™ turkey, that is. JENNIE-O® OVEN READY™ turkey is so easy to prepare that it takes the stress out of holiday meal planning. First off, JENNIE-O® OVEN READY™ turkey is preseasoned and goes right from the freezer to the oven with no thawing required.
Index (PMI) data, output in the Consumer Goods sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
"We are proud to continue our partnership with the CNC through this incredible program to enhance the quality of life for people undergoing cancer treatment, and for the loved ones who care for them," said Deb DiCarlo, vice president of sales and marketing at Hormel Health Labs. "Hormel Vital Cuisine™ products were specifically created to deliver quality protein and nutrition to people going through a very difficult time.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to start learning about core concepts Read More...
AUSTIN, Minn. , Oct. 29, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL) invites you to participate in a conference call with Jim Snee , chairman of the board, president and chief executive officer, ...
The nation’s largest 3,000 public companies suffered a net loss of $2.1 trillion between Sept. 30 and Oct. 24, according to a Business Journals analysis of Bloomberg data. But there are still some winners, especially among food and utility players.
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.