Wall Street analysts will be watching closely when Hormel Foods Corporation (NYSE:HRL) reports its quarterly earnings next, which is scheduled for Thu 23 May (In 37 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.45 per share. In the preceding quarter, the company reportedly generated EPS of $0.44 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 12.50%, a profit margin of 9.90% and a gross margin of 20.70%.
Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Hormel Foods Corporation (NYSE:HRL). Most recently, on March 5th, 2019, Stephens Initiated a Equal-Weight rating. Before that, on November 27th, 2018, Jefferies Downgrade to Hold. JP Morgan Initiated a Neutral rating on September 28th, 2018, Stephens Downgrade an Equal-Weight rating on July 17th, 2018, and Jefferies Upgrade a Buy rating on February 14th, 2018.
At its current price point, combined with the fact that this company has 531.20M shares outstanding, the current market capitalization sits at 21.66B. In the last trading day, 2,457,153 shares of Hormel Foods Corporation were traded, which compares to its usual volume of about 2.67M shares per day of trading.
If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$0.97 in the past five trading days, resulting in a percentage change of -2.32% and a moving average of 41.27. In the past 20 days, its price changed by -$1.74 (which is -4.09%) and the stock’s moving average was 42.66. Looking back a full 50 days, shares of HRL changed by -$1.26 (which is -3.00%) and demonstrated a moving average of 42.80.
Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 13.44%, a 14-day Stochastic %K score of 7.33% and a 20-day Stochastic %K score of 7.33%. Using a similar metric, Hormel Foods Corporation (HRL) shares showed a Stochastic %D of 11.42% over the past 9 days, a Stochastic %D score of 8.12% over the last 14 days, and a 20-day Stochastic %D of 8.12%. Meanwhile, this stock’s MACD Oscillator was -0.54 over the past 9 days, -1.27 over the past two weeks, and -1.65 in the last 20 days.
As recent trading data suggests, this company’s shares have been hovering close to the $40.78 level. Over the past 12 months, this stock has experienced a high price of $46.26 and a low of $34.12. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.
The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Hormel Foods Corporation (NYSE:HRL) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 32,838,813 shares of the company’s stock following the addition of 1,114,835 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 6.13% stake in Hormel Foods Corporation (HRL)’s shares.
Just in the most recent trading day, Hormel Foods Corporation (NYSE:HRL) experienced a high price of $41.50 and low point of $40.43. At the end of the last trading session, this stock was at 40.78 per share, following a loss of -$41.1, or -0.78% during the full day.