Hormel Foods Corporation (NYSE:HRL) producer of meat and food products worldwide, is expected to report third quarter earnings results, before market open, on Tuesday 25th August 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.34 per share.
Looking ahead, the full year income are expected at $ 1.66 per share on the revenues of $ 9748.07 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 9,500.00 million ~ $ 10,300.00 million, where as bottomline are predicted in a range of $ 1.69 ~ $ 1.83 per share
Click Here For More Historical Outlooks Of Hormel Foods Corporation
Stock Performance
Shares of Hormel Foods Corporation traded low $ -0.04 or -0.08 percent on Monday, reaching $ 52.64 with volume of 1.68 million shares. Hormel Foods Corporation has traded high as $ 52.97 and has cracked $ 52.16 on the downward trend
According to the previous trading day, closing price of $ 52.64, representing a 35.04 % increase from the 52 week low of $ 39.01 and a 0.55 % decrease over the 52 week high of $ 52.97.
The company has a market capital of $ 28.37 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Analyst recommendations
- On 17th July 2020, initiated by Argus at Buy rating, with $ 56.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.2325 per share on May 18, 2020. The dividend were payable on August 17, 2020 to holders of record as of the close of business on July 13, 2020 and ex-dividend date on July 10, 2020.
Conference Call
Hormel Foods Corporation will be hosting a conference call at 10:00 AM eastern time on 25th August 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 888-317-6003 (United States) or 412-317-6061 (International), with passcode : 9237894 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/hrl/mediaframe/39652/indexr.html
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.
