On Monday, Hormel Foods Corp. (NYSE: HRL) was -2.70% drop from the session before settling in for the closing price of $32.19. A 52-week range for HRL has been $28.51 – $36.86.
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It was noted that within the last five years, the titan of the Consumer Defensive sector saw sales topped by 5.16%. When this article was written, the company’s average yearly earnings per share was at -1.65%. With a float of $290.56 million, this company’s outstanding shares have now reached $546.60 million.
The extent of productivity of a business whose workforce counts for 20000 workers is very important to gauge. In terms of profitability, gross margin is 16.99%, operating margin of 8.65%, and the pretax margin is 8.36%.
Hormel Foods Corp. (HRL) Insider and Institutional Ownership
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 47.01%, while institutional ownership is 41.36%. The most recent insider transaction that took place on Sep 27 ’24, was worth 312,689. In this transaction GROUP VICE PRESIDENT of this company sold 9,800 shares at a rate of $31.91, taking the stock ownership to the 30,589 shares. Before that another transaction happened on Sep 27 ’24, when Company’s Officer proposed sale 9,800 for $31.91, making the entire transaction worth $312,688.
Hormel Foods Corp. (HRL) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 7/31/2024, it has been observed that the corporation posted 0.42 earnings per share (EPS) during the time that was less than consensus figure (set at 0.44) by -0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.62% 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 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.43. Likewise, its price to free cash flow for the trailing twelve months is 19.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.42, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.69 in one year’s time.
Technical Analysis of Hormel Foods Corp. (HRL)
The latest stats from [Hormel Foods Corp., HRL] show that its last 5-days average volume of 2.2 million was inferior to 2.63 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 74.98%. Additionally, its Average True Range was 0.55.
During the past 100 days, Hormel Foods Corp.’s (HRL) raw stochastic average was set at 45.57%, which indicates a significant increase from 38.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.00% in the past 14 days, which was lower than the 26.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.82, while its 200-day Moving Average is $32.34. Now, the first resistance to watch is $31.72. This is followed by the second major resistance level at $32.11. The third major resistance level sits at $32.35. If the price goes on to break the first support level at $31.09, it is likely to go to the next support level at $30.85. The third support level lies at $30.46 if the price breaches the second support level.
Hormel Foods Corp. (NYSE: HRL) Key Stats
There are 548,305K outstanding shares of the company, which has a market capitalization of 17.17 billion. As of now, sales total 12,110 M while income totals 793,570 K. Its latest quarter income was 2,898 M while its last quarter net income were 176,700 K.
