Hormel Foods (NYSE:HRL) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.71-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of $9.5-10 billion, compared to the consensus revenue estimate of $9.7 billion.

HRL opened at $39.49 on Thursday. Hormel Foods has a one year low of $34.12 and a one year high of $46.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.77 and a current ratio of 1.46. The firm has a market capitalization of $21.33 billion, a PE ratio of 20.89, a PEG ratio of 2.93 and a beta of 0.12.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings data on Thursday, February 21st. The company reported $0.44 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.44. Hormel Foods had a return on equity of 17.58% and a net margin of 9.93%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $0.56 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Hormel Foods will post 1.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, July 12th. Hormel Foods’s dividend payout ratio is presently 44.44%.

A number of analysts have recently commented on HRL shares. ValuEngine downgraded Hormel Foods from a buy rating to a hold rating in a research note on Saturday, April 13th. Zacks Investment Research raised Hormel Foods from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Thursday, February 28th. Stephens started coverage on Hormel Foods in a research report on Monday, March 4th. They set an equal weight rating on the stock. Jefferies Financial Group reiterated a hold rating and set a $44.00 price target on shares of Hormel Foods in a report on Thursday, February 21st. Finally, Credit Suisse Group restated a hold rating and issued a $39.00 target price on shares of Hormel Foods in a research note on Thursday, February 21st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $40.20.

In other news, insider Larry L. Vorpahl sold 180,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $44.47, for a total value of $8,004,600.00. Following the completion of the transaction, the insider now owns 280,194 shares in the company, valued at approximately $12,460,227.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lori J. Marco sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $41.56, for a total transaction of $540,280.00. Following the sale, the vice president now owns 48,304 shares of the company’s stock, valued at $2,007,514.24. The disclosure for this sale can be found here. In the last three months, insiders sold 274,705 shares of company stock worth $12,116,336. 1.11% of the stock is currently owned by company insiders.

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Hormel Foods Company Profile

Hormel Foods Corporation produces and markets various meat and food products in the United States and internationally. The company operates through five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. It offers various perishable meat products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products, such as canned luncheon meats, peanut butters, chilies, shelf-stable microwaveable meals, hashes, stews, meat spreads, flour and corn tortillas, salsas, tortilla chips, and other products.

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Earnings History and Estimates for Hormel Foods (NYSE:HRL)

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