Hormel Foods Corp (NYSE: HRL) has reported E.P.S. of $0.35 for its second fiscal quarter (ending April 30) versus $0.40 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $1.41 versus $1.71 for the same period a year ago.
Recent Price Action
Hormel Foods Corp (NYSE: HRL) stock suffered a large decline of -9.7% on 5/30/24. The stock closed at $30.79. Moreover, trading volume in this decline was exceptionally high at 384% of normal. The stock has been weak relative to the market over the last nine months and has declined -15.5% during the last week.
Current PriceTarget Research Rating
HRL’s future returns on capital are forecasted to exceed 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Hormel Foods has a slightly negative Power Rating of 31 and a poor Appreciation Score of 28, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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