Hormel Foods Corporation (NYSE:HRL) Beats Earnings by 58% percent


Hormel Foods Corporation (NYSE:HRL) moved down -1.66% and closed its last trading session at $37.24. This Consumer Staples Sector stock currently has the Market Capitalization of 19.58 Billion. The Average Volume for the stock is measured as 2.55 Million. The Stock has a 52-Week High of $44.73 and 52-Week Low of $33.18 following the dates, it touched its 52-Week High on Mar 16, 2016 and 52-Week Low on Dec 6, 2016. Currently, the Return on Assets value for the trailing twelve months is 14.3% with the Return on Equity and Return on Investment of 20.6% and 19.1% respectively. This firm currently has YTD (year to date) performance of 7.5 Percent which is awesome. The Short Ratio for the stock is 10.21.

Hormel Foods Corporation (NYSE:HRL) Price to Earnings (P/E) ratio is 22.69. EPS or Earning per Share stands at $1.64. The TTM operating margin is 13.9 percent.

Hormel Foods Corporation (NYSE:HRL) reports its Earnings on Thu 23 Feb (In 7 Days). The estimated EPS for the current quarter is said to be $0.46. Following Earnings result, share price were UP 17 times out of last 27 Qtrs. The stock has added about 8.4% since it reported its last earnings. The Closing price of Hormel Foods Corporation (NYSE:HRL) at Last Earnings was $34.94 as compared to the previous closing price of $37.87. The Predicted Move on the 7th day after Hormel Foods Corporation (NYSE:HRL) will release its earnings at about 3%.

By Looking at Earnings History, Out of 12 Quarters when the Earnings were reported, Hormel Foods Corporation (NYSE:HRL) beats earnings by 58%, The Stock Missed Earnings  2  times and has met earnings  3  times.

Earnings History:

We will discuss the past Quarters Earnings below:

Hormel Foods Corporation (NYSE:HRL) reported its previous quarter on 11/22/2016 where it reported the Actual Earnings of $0.45. The Closing price before the company posted its earnings was $34.94. The Stock surged on the very next day of earnings and maintained its stock price at $35.86 by showing a % change of 2.63 percent from its previous closing price. The Next Day Volume after Earnings was reported as 5.32 Million. On the 7th day After Earnings Report, the stock hit its share price as $35.32 by showing 1.09% increase from the Stock price Before Earnings were reported.

On 08/18/2016, the stock reported the EPS of $0.36 where Analysts were projecting the EPS to be $0.35 showing a difference of $0.01. Thus Surprise Factor was there with 2.9 percent. Before Earnings Announcement on 08/18/2016, the firm had its stock price of $36.21. And immediately on the next day after earnings announcement, the stock inclined 1.91% and closed its trading session at $36.9. On 7th Day after earnings release, Hormel Foods Corporation (NYSE:HRL) surged to 6.35% from $36.21 to $38.51.

On 05/18/2016, Analysts were suspecting EPS of $0.39/share where Hormel Foods Corporation (NYSE:HRL) reported its Actual EPS of $0.4. Thus showing a Surprise of 2.6 percent. The Closing Price of the stock before earnings was $38.5 while on the Next day the stock closed its trading session at $35.21 with a percentage change of -8.55% from the price of 38.5 before Earnings. The Stock Closing Price on the 7th day of earnings was $34.53.

Company Profile:

Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. It provides various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamole, and bacon; and shelf-stable products comprising canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other products. The company also offers poultry products, such as turkey products; and nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.