For its third fiscal quarter (ending July 31), Hormel Foods Corp (NYSE: HRL) has reported a 7% increase in E.P.S. from $0.30 a year ago to $0.32 in the current quarter. However, this performance was $-0.05 short of the consensus estimate of $0.37. For the latest four quarters through July 31, E.P.S. were $1.43 versus $1.60 for the same period a year ago — a decline of -11%.
Recent Price Action
Hormel Foods Corp (NYSE: HRL) stock suffered a large decline of -6.4% on 9/4/24. The stock closed at $31.01. Moreover, trading volume in this decline was exceptionally high at 267% of normal. The stock has performed in line with the market over the last nine months and has declined -4.2% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hormel Foods has a neutral Power Rating of 43 and a slightly negative Appreciation Score of 32, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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