On Friday, Hormel Foods Corp (NYSE: HRL) was -3.95% drop from the session before settling in for the closing price of $30.41. A 52-week range for HRL has been $28.51 – $36.86.
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Annual sales at Consumer Defensive sector company grew by 6.57% over the past five years. When this article was written, the company’s average yearly earnings per share was at -1.65%. With a float of $290.54 million, this company’s outstanding shares have now reached $546.60 million.
Let’s look at the performance matrix of the company that is accounted for 20000 employees. In terms of profitability, gross margin is 16.98%, operating margin of 8.7%, and the pretax margin is 8.36%.
Hormel Foods Corp (HRL) Insider Updates
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 47.02%, while institutional ownership is 40.90%. 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) Performance Highlights and Predictions
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 0.45) by -0.03. 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 1.28. Likewise, its price to free cash flow for the trailing twelve months is 17.04.
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)
Hormel Foods Corp (NYSE: HRL) saw its 5-day average volume 2.64 million, a positive change from its year-to-date volume of 2.59 million. As of the previous 9 days, the stock’s Stochastic %D was 19.00%. Additionally, its Average True Range was 0.59.
During the past 100 days, Hormel Foods Corp’s (HRL) raw stochastic average was set at 0.75%, which indicates a significant decrease from 1.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.50% in the past 14 days, which was lower than the 21.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $31.23, while its 200-day Moving Average is $32.29. Nevertheless, the first resistance level for the watch stands at $30.20 in the near term. At $31.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $31.70. If the price goes on to break the first support level at $28.70, it is likely to go to the next support level at $28.19. Assuming the price breaks the second support level, the third support level stands at $27.20.
Hormel Foods Corp (NYSE: HRL) Key Stats
There are 548,364K outstanding shares of the company, which has a market capitalization of 15.39 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.
