Stock in Focus: Hormel Foods Corporation (HRL)

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, Specialty Foods, and International & Other. It sells its products through sales personnel, as well as through independent brokers and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is based in Austin, Minnesota.

Recent News:

The company will issue its third quarter financial results before the markets open on Thursday, August 23, 2018, and will host a conference call at 8:00 a.m. CT (9:00 a.m. ET).

For the second quarter of fiscal 2018, the company reported record diluted earnings per share of $0.44, up 13% from 2017 EPS of $0.39. Year-to-date cash flow from operations of $443 million, up 58% compared to last year.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

@@@@@

Profitability – Measures the historical price movement of the stock.

@@@@@

Solvency – Measures the solvency of the company based on several ratios.

@@@@@

Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

@@@@@

Conclusion:

HRL’s strengths can be seen in its strong profitability, robust solvency and better efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the RSI is strong in the bullish zone and the MACD is trying to cross back up. We rate Hormel Foods Corporation (HRL) a STRONG BUY.

About the Author

has written 10202 stories on this site.

Copyright © 2012 Nine Stocks