On Monday, Hormel Foods Corp. (NYSE: HRL) was -0.06% down from the session before settling in for the closing price of $33.93. A 52-week range for HRL has been $28.51 – $41.73.
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Consumer Defensive Sector giant saw their annual sales surged by 5.16% over the last five years. When this article was written, the company’s average yearly earnings per share was at -1.30%. With a float of $289.77 million, this company’s outstanding shares have now reached $546.60 million.
The firm has a total of 20000 workers. Let’s measure their productivity.
Hormel Foods Corp. (HRL) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Hormel Foods Corp. stocks. The insider ownership of Hormel Foods Corp. is 47.09%, while institutional ownership is 41.86%. The most recent insider transaction that took place on Apr 02 ’24, was worth 489,900. In this transaction GROUP VICE PRESIDENT of this company sold 13,800 shares at a rate of $35.50, taking the stock ownership to the 28,050 shares. Before that another transaction happened on Apr 02 ’24, when Company’s Director sold 4,300 for $35.13, making the entire transaction worth $151,068. This insider now owns 94,583 shares in total.
Hormel Foods Corp. (HRL) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 39.10 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.40% during the next five years compared to -4.93% drop over the previous five years of trading.
Hormel Foods Corp. (NYSE: HRL) Trading Performance Indicators
You can see what Hormel Foods Corp. (HRL) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.53. Likewise, its price to free cash flow for the trailing twelve months is 19.19.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.45, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.69 in one year’s time.
Technical Analysis of Hormel Foods Corp. (HRL)
Analysing the last 5-days average volume posted by the [Hormel Foods Corp., HRL], we can find that recorded value of 2.56 million was lower than the volume posted last year of 3.2 million. As of the previous 9 days, the stock’s Stochastic %D was 21.68%. Additionally, its Average True Range was 0.63.
During the past 100 days, Hormel Foods Corp.’s (HRL) raw stochastic average was set at 72.10%, which indicates a significant increase from 10.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.64% in the past 14 days, which was lower than the 31.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $32.77, while its 200-day Moving Average is $34.74. Now, the first resistance to watch is $34.21. This is followed by the second major resistance level at $34.51. The third major resistance level sits at $34.73. If the price goes on to break the first support level at $33.70, it is likely to go to the next support level at $33.48. Should the price break the second support level, the third support level stands at $33.18.
Hormel Foods Corp. (NYSE: HRL) Key Stats
There are 547,700K outstanding shares of the company, which has a market capitalization of 18.57 billion. As of now, sales total 12,110 M while income totals 793,570 K. Its latest quarter income was 2,997 M while its last quarter net income were 218,860 K.
