0.22% percent quarterly performance for Hormel Foods Corp (HRL) is not indicative of the underlying story

On Friday, Hormel Foods Corp (NYSE: HRL) opened lower -1.19% from the last session, before settling in for the closing price of $32.86. Price fluctuations for HRL have ranged from $28.51 to $36.86 over the past 52 weeks.

Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 4.95%. Company’s average yearly earnings per share was noted 5.45% at the time writing. With a float of $290.88 million, this company’s outstanding shares have now reached $548.61 million.

Considering the fact that the conglomerate employs 20000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 17.12%, operating margin of 8.95%, and the pretax margin is 8.69%.

Hormel Foods Corp (HRL) Insider Activity

A key investor’s attitude towards the stock of the Packaged Foods industry is another important factor to consider. The insider ownership of Hormel Foods Corp is 47.02%, while institutional ownership is 40.85%. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 5.45% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.41% during the next five years compared to -3.96% drop over the previous five years of trading.

Hormel Foods Corp (NYSE: HRL) Trading Performance Indicators

Check out the current performance indicators for Hormel Foods Corp (HRL). In the past quarter, the stock posted a quick ratio of 1.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.48. Likewise, its price to free cash flow for the trailing twelve months is 17.44.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.47, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.83 in one year’s time.

Technical Analysis of Hormel Foods Corp (HRL)

Compared to the last year’s volume of 2.6 million, its volume of 3.09 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 83.70%. Additionally, its Average True Range was 0.64.

During the past 100 days, Hormel Foods Corp’s (HRL) raw stochastic average was set at 83.11%, which indicates a significant decrease from 85.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.34% in the past 14 days, which was lower than the 21.68% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $31.09, while its 200-day Moving Average is $32.42. Nevertheless, the first resistance level for the watch stands at $32.87 in the near term. At $33.26, the stock is likely to face the second major resistance level. The third major resistance level sits at $33.48. If the price goes on to break the first support level at $32.26, it is likely to go to the next support level at $32.04. Should the price break the second support level, the third support level stands at $31.65.

Hormel Foods Corp (NYSE: HRL) Key Stats

There are currently 548,364K shares outstanding in the company with a market cap of 17.61 billion. Presently, the company’s annual sales total 12,110 M according to its annual income of 793,570 K. Last quarter, the company’s sales amounted to 2,898 M and its income totaled 176,700 K.