News coverage about Hormel Foods (NYSE:HRL) has been trending positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hormel Foods earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2636512010614 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Jefferies Group Comments on Hormel Foods Corp’s FY2018 Earnings (HRL) (americanbankingnews.com)
- Head to Head Review: Senomyx (SNMX) vs. Hormel Foods (HRL) (americanbankingnews.com)
- US rail regulator tackles railroads over customer complaints – Reuters.com (reuters.com)
- 3 Stocks to Hold for the Next 20 Years | Markets-and-stocks … – nwitimes.com (nwitimes.com)
- Hormel Foods Corporation (HRL) stock recent close stands at $33.72 – Newburgh Gazette (newburghgazette.com)
Shares of HRL stock traded down $0.77 during trading on Wednesday, hitting $32.79. The stock had a trading volume of 3,375,711 shares, compared to its average volume of 2,863,144. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.74 and a current ratio of 1.47. The firm has a market capitalization of $17,847.01, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.96 and a beta of 0.53. Hormel Foods has a twelve month low of $29.75 and a twelve month high of $38.00.
Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.44 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.44. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.43 billion. Hormel Foods had a return on equity of 17.44% and a net margin of 9.92%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities research analysts expect that Hormel Foods will post 1.84 EPS for the current year.
A number of brokerages have issued reports on HRL. Credit Suisse Group set a $33.00 price target on Hormel Foods and gave the stock a “hold” rating in a research report on Friday, November 24th. Jefferies Group set a $34.00 price target on Hormel Foods and gave the stock a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded Hormel Foods from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, February 27th. Barclays set a $40.00 price target on Hormel Foods and gave the stock an “overweight” rating in a research report on Friday, December 1st. Finally, Mizuho set a $34.00 price target on Hormel Foods and gave the stock a “hold” rating in a research report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.60.
In other news, insider Luis G. Marconi sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $33.88, for a total value of $33,880.00. Following the completion of the sale, the insider now owns 21,532 shares in the company, valued at $729,504.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Glenn S. Forbes sold 4,492 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $33.71, for a total value of $151,425.32. Following the completion of the sale, the director now owns 50,326 shares of the company’s stock, valued at approximately $1,696,489.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,621 shares of company stock valued at $1,109,949. Insiders own 1.48% of the company’s stock.
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About Hormel Foods
Hormel Foods Corporation is engaged in the production of a range of meat and food products. The Company operates through four segments: Grocery Products, which is engaged in the processing, marketing and sale of shelf-stable food products sold for the retail market and health and also consists of nutrition products, including Muscle Milk protein products.; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork, beef, chicken and turkey products for retail, foodservice and fresh product customers; Jennie-O Turkey Store (JOTS), which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; and International & Other, which includes Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.
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