Hormel Foods Corp (NYSE: HRL) has reported earnings for its first fiscal quarter (ending January 31) of $0.40 versus $0.40 for the same period a year ago — flat performance. This result exceeded the consensus estimate of $0.37 by $0.03. E.P.S. were $1.46 for the latest four quarters through January 31 versus $1.79 for the same period a year ago — a decline of -18%.
Recent Price Action
Hormel Foods Corp (NYSE: HRL) stock enjoyed a major increase of 14.6% on 2/29/24. The shares closed at $35.32. Moreover, trading volume in this advance was exceptionally high at 450% of normal. The stock has been weak relative to the market over the last nine months but has risen 18.8% during the last week.
Current PriceTarget Research Rating
HRL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Hormel Foods has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hormel Foods has a poor Appreciation Score of 28 and a very low Power Rating of 7, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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