Minnesota, Austin-based Hormel Foods Corporation (HRL - Free Report) is a prominent meat products firm, conducting trade in the global consumer goods sector. The company sells superior-branded high-quality convenient, nutritious and flavorful edible products to its global customers. HRL shares high brand value in the market but is also exposed to certain risks of external market uncertainties.
Currently, HRL has a Zacks Rank #3 (Hold) but that could change following its third-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: HRL beat on earnings. Adjusted earnings per share came in at 36 cents per share, surpassing the Zacks Consensus Estimate of 34 cents.
Revenue: Revenues of $2,302.4 million came above the Zacks Consensus Estimate of $2,238 million.
Key Stats: HRL has raised its full year fiscal 2016 earnings guidance to the range of $1.60-$1.64 per share from $1.56-$1.60. The company perceives that higher international, Jennie-O Turkey Store and Refrigerated Foods sales would boost its aggregate revenues for full year fiscal 2016.
Stock Price: Stock Price: As of Aug 16, 2016 HRL’s closed the trading session at $36.19 per share.
Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this HRL earnings report later!
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Minnesota, Austin-based Hormel Foods Corporation (HRL - Free Report) is a prominent meat products firm, conducting trade in the global consumer goods sector. The company sells superior-branded high-quality convenient, nutritious and flavorful edible products to its global customers. HRL shares high brand value in the market but is also exposed to certain risks of external market uncertainties.
Currently, HRL has a Zacks Rank #3 (Hold) but that could change following its third-quarter fiscal 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: HRL beat on earnings. Adjusted earnings per share came in at 36 cents per share, surpassing the Zacks Consensus Estimate of 34 cents.
Revenue: Revenues of $2,302.4 million came above the Zacks Consensus Estimate of $2,238 million.
Key Stats: HRL has raised its full year fiscal 2016 earnings guidance to the range of $1.60-$1.64 per share from $1.56-$1.60. The company perceives that higher international, Jennie-O Turkey Store and Refrigerated Foods sales would boost its aggregate revenues for full year fiscal 2016.
Stock Price: Stock Price: As of Aug 16, 2016 HRL’s closed the trading session at $36.19 per share.
Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this HRL earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days Click to get this free report >> .
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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