Analysts Estimate Report : What to Look Out for Hormel Foods Stock Forecast, Price & News (NYSE:HRL)

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Earnings results for Hormel Foods Stock Forecast, Price & News (NYSE:HRL)

Hormel Foods Corporation is expected* to report earnings on 08/25/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.33. The reported EPS for the same quarter last year was $0.37.

Hormel Foods last announced its quarterly earnings data on May 21st, 2020. The reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.01. The company earned $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Its revenue for the quarter was up 3.3% compared to the same quarter last year. Hormel Foods has generated $1.74 earnings per share over the last year and currently has a price-to-earnings ratio of 30.8. Hormel Foods has confirmed that its next quarterly earnings report will be published on Tuesday, August 25th, 2020.

Analyst Opinion on Hormel Foods Stock Forecast, Price & News (NYSE:HRL)

7 Wall Street analysts have issued ratings and price targets for Hormel Foods in the last 12 months. Their average twelve-month price target is $45.71, predicting that the stock has a possible downside of 13.16%. The high price target for HRL is $56.00 and the low price target for HRL is $40.00. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Hormel Foods has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $45.71, Hormel Foods has a forecasted downside of 13.2% from its current price of $52.64. Hormel Foods has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Hormel Foods Stock Forecast, Price & News (NYSE:HRL)

Hormel Foods pays a meaningful dividend of 1.77%, higher than the bottom 25% of all stocks that pay dividends. Hormel Foods has only been increasing its dividend for 1 years. The dividend payout ratio of Hormel Foods is 53.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hormel Foods will have a dividend payout ratio of 51.38% next year. This indicates that Hormel Foods will be able to sustain or increase its dividend.

Insiders buying/selling: Hormel Foods Stock Forecast, Price & News (NYSE:HRL)

In the past three months, Hormel Foods insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,836,011.00 in company stock. Only 1.15% of the stock of Hormel Foods is held by insiders. 42.92% of the stock of Hormel Foods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Hormel Foods Stock Forecast, Price & News (NYSE:HRL

Earnings for Hormel Foods are expected to grow by 9.04% in the coming year, from $1.66 to $1.81 per share. The P/E ratio of Hormel Foods is 30.78, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.58. The P/E ratio of Hormel Foods is 30.78, which means that it is trading at a less expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 49.47. Hormel Foods has a PEG Ratio of 4.24. PEG Ratios above 1 indicate that a company could be overvalued. Hormel Foods has a P/B Ratio of 4.75. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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