44.95 0.00 (0.00%)
After hours: 5:18PM EST
|Bid||43.95 x 1800|
|Ask||0.00 x 800|
|Day's Range||43.34 - 45.06|
|52 Week Range||31.71 - 46.26|
|Beta (3Y Monthly)||-0.49|
|PE Ratio (TTM)||25.25|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||0.75 (1.63%)|
|1y Target Est||38.17|
Live from the New York Stock Exchange Yahoo Finance's Seana Smith joins Alexis Christoforous to break down the latest market moves. Stocks are ugly out of the gate, with the S&P 500 and Dow wiping out their gains for the year. Technology stocks are leading the way lower, along with retail stocks after some disappointing earnings from Target (TGT) and Kohl's (KSS). Real estate (XLRE) and utilities (XLU) are holding onto gains. Other companies moving on earnings are (performance as of 10:30 am ET): Monday after the market close: A Agilent Technologies Inc 6.60% JACK Jack in the Box Inc 5.98% URBN Urban Outfitters 2.47% INTU Intuit Inc -2.79% LB L Brands, Inc. -14.44% Tuesday before the market open: CPB Campbell Soup 7.75% BBY Best Buy 3.44% TJX TJX Companies -2.20% HRL Hormel Foods Corp -2.51% LOW Lowe's Cos, Inc -3.00% ROST Ross Stores -4.62% KSS Kohl's Corp -9.44% TGT Target Corp -10.09%
In comparison, the stocks of Tyson Foods (TSN), the Campbell Soup Company (CPB) and Conagra Brands (CAG) have marked double-digit falls. The company’s recent acquisitions, including Ceratti, Fontanini, and Columbus Craft Meats, are driving its top line growth. Meanwhile, strength in its branded portfolio, its focus on innovation, and its brand marketing investments have further supported its top line growth.
AUSTIN, Minn., Nov. 20, 2018 /PRNewswire/ -- The makers of Hormel® Compleats® products announced today that it will match every dollar, up to $25,000, donated now through Nov. 27 to Meals on Wheels America leading up to the organization's No Time to Wait campaign to help fight senior hunger. The No Time to Wait campaign, which launches on Black Friday, focuses on the 9 million seniors across America that face the threat of hunger. "We're extremely proud to partner with Meals on Wheels America to help fight senior hunger this holiday season," said Meghan Baumann, brand manager at Hormel Foods.
Hormel Foods' (HRL) bottom line improves year over year in Q4. However, sales lag estimates due to dismal performance in Grocery Products and Jennie-O Turkey Store.
On November 20, Hormel Foods (HRL) stock was down 5.2% at 8:01 AM EST following the company’s results for the fourth quarter fiscal 2018. For fiscal 2018, Hormel Foods reported sales of $9.55 billion, which also fell short of the estimate of $9.60 billion. Hormel Foods provided EPS guidance for fiscal 2019 in the range of $1.77–$1.91.
Hormel (HRL) delivered earnings and revenue surprises of 10.87% and -1.22%, respectively, for the quarter ended October 2018. Do the numbers hold clues to what lies ahead for the stock?
Corp.’s (HRL) profit rose from the comparable quarter last year as the company set aside more for money for an impairment charge but reported a lower provision for income taxes. Hormel recorded an impairment charge of $17.3 million. For the comparable quarter a year ago, that line item was $180,000.
Hormel Foods Corp. reported fiscal fourth-quarter net income of $261.4 million, or 48 cents per share, up from $218.2, or 41 cents per share, last year. Adjusted EPS was 51 cents, beating the 49-cent FactSet consensus. Revenue totaled $2.52 billion, up from $2.50 billion the previous year but below the $2.57 billion FactSet guidance. Hormel brands include Wholly Guacamole, Jennie-O and Spam. For fiscal 2019, Hormel expects revenue of $9.7 billion to $10.2 billion, ahead of the FactSet consensus for $9.59 billion. And EPS is expected to be $1.77 to $1.91. The FactSet outlook is $1.83. Hormel shares are down 0.1% in Tuesday premarket trading, but have gained 24.7% for the year to date. The S&P 500 index is up 0.6% for the period.
After Hormel Foods Corporation’s (NYSE:HRL) earnings announcement in July 2018, analyst forecasts seem fairly subdued, with earnings expected to grow by 4.8% in the upcoming year against the higher past Read More...
On a per-share basis, the Austin, Minnesota-based company said it had net income of 48 cents. Earnings, adjusted for asset impairment costs, were 51 cents per share. The results surpassed Wall Street expectations. ...
The company announces a 12% dividend increase; its 53rd consecutive annual increase. AUSTIN, Minn. , Nov. 20, 2018 /PRNewswire/ -- Hormel Foods Corporation (NYSE: HRL), a leading global branded food company, ...
Hormel Foods Corp. said late Monday its board of directors has approved a 12% increase to the company's annual dividend, raising it to 84 cents a share from 75 cents a share. The board has authorized the first quarterly dividend of 21 cents a share to be paid on Feb. 15. The February payment will be the 362nd consecutive quarterly dividend paid by the company. Hormel shares were flat in the extended session Monday after ending the regular session down 1.2%.