Hormel Foods Corporation
 (HRL)

- NYSE
What's your position on ?
Bullish
Bearish
Why are you ish?
Skip
Post
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Last vote:
  • Jun. 18, 2013, 8:19 AM

    Hormel (HRL) lowers estimates for profitability this year, dropping its EPS outlook to $1.88-$1.96 from prior guidance of $1.93-$2.03. The company cites higher input costs and poor pork sales for the shortfall. HRL -9% premarket, working off much of the gains picked up from enthusiasm in the sector after Smithfields Foods was bought out.

    | Jun. 18, 2013, 8:19 AM | 2 Comments
  • Jun. 17, 2013, 8:49 AM

    Smithfield Foods (SFD) moves up 1.4% premarket after Starboard Value pitches that a piecemeal sale of the company might make sense. The sum-of-the-parts chatter could also provide another lift for the packaged meats sector as a whole. On watch: Tyson Foods (TSN), Seaboard Corporation (SEB), Hillshire Brands (HSH), and Hormel Foods (HRL).

    | Jun. 17, 2013, 8:49 AM
  • Jun. 14, 2013, 7:58 AM

    Hormel Foods (HRL) gets an upgrade to Buy from Hold from KeyBanc (PT $48) as accretion from the acquisition of the iconic Skippy peanut butter brand, lower costs, and improved new product growth should create upside to FY14 EPS estimates. Meanwhile, SA contributor Joseph Reinke said recently that the shares are overvalued and present a "low to negative return potential with moderate risk."

    | Jun. 14, 2013, 7:58 AM
  • May 29, 2013, 9:31 AM

    Shares of Tyson Foods (TSN) and Hormel Foods (HRL) trade higher following the blockbuster acquisition of Smithfield Foods. The rally stems from the premium Smithfield caught and the notion that China will increasingly look to U.S. food companies with safety concerns creating headlines all year long. Premarket: TSN +4.2%, HRL +2.2%.

    | May 29, 2013, 9:31 AM
  • May 29, 2013, 7:40 AM

    Meat company stocks are in focus with Smithfield Foods reportedly set to sell itself for a tasty 25%-30% premium. Though Smithfield Foods has drawn the most attention from activist investors, calls for extracting more value from sector peers are also getting louder. On watch: Tyson Foods (TSN), Hormel Foods (HRL), Sanderson Farms (SAFM), Seaboard Corporation (SEB), Hillshire Brands (HSH).

    | May 29, 2013, 7:40 AM
  • May 23, 2013, 6:47 AM

    More on Hormel Foods' (HRL) Q1: Volume was up 4% during the quarter. Revenue gains were led by a 49% Y/Y increase in Grocery Products, while Refrigerated Foods and Jennie-O Turkey Store sales both fell back. Segment operating profit slipped 2%, partially due to higher grain costs and weaker commodity turkey prices. The company backs its full year EPS guidance of $1.93-$2.03. (PR)

    | May 23, 2013, 6:47 AM
  • May 23, 2013, 6:32 AM
    Hormel Foods (HRL): Q1 EPS of $0.46 misses by $0.03. Revenue of $2.15B (+7% Y/Y) misses by $0.04B. (PR)
    | May 23, 2013, 6:32 AM
  • May 23, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD
    | May 23, 2013, 12:05 AM
  • May 22, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AAP, AINV, ALKS, BKE, BONT, DLTR, GME,HRL, QSII, RL, SLF, TD
    | May 22, 2013, 5:30 PM
  • May 20, 2013, 5:10 PM
    Hormel Foods (HRL) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.60%. For shareholders of record July 15. Payable Aug. 22. Ex-div date July 11. (PR)
    | May 20, 2013, 5:10 PM
  • May 6, 2013, 10:14 AM

    Where's the beef? Shares of Tyson Foods (TSN -5.3%) stumble and take a few peers down with it after the company misses profit estimates. Consumers opted for lower-margin chicken products in Q1 and there's some concern the trend will continue as beef prices hit a consumer breaking point. Sector watch: Hormel (HRL) -1.6%, Smithfield Foods (SFD) -1.2%, Hillshire Brands (HSH) -0.9%.

    | May 6, 2013, 10:14 AM
  • Mar. 26, 2013, 8:58 AM
    Lobbyists from meat companies won a last-minute amendment to a budget bill last week which will keep food safety inspectors on the job this summer. Though spending cuts will continue to pose a threat to the meat industry (SFD, HRL, TSN, HSH), for the time being it will be business as usual. A disturbing horse meat scandal in Europe is believed to have helped tip sentiment toward keeping meat inspectors on the busy side through the summer.
    | Mar. 26, 2013, 8:58 AM
  • Mar. 26, 2013, 7:19 AM
    Hormel Foods (HRL) declares $0.17/share quarterly dividend, in line with previous. Forward yield 1.71%. For shareholders of record Apr. 22. Payable May 15. Ex-div date Apr. 22. (PR)
    | Mar. 26, 2013, 7:19 AM
  • Feb. 21, 2013, 6:50 AM

    More on Hormel's (HRL) Q4: Volume rose 2% during the period to account for a good portion of the uptick in sales. Revenue in the Grocery Products segment rose 24% Y/Y to $334M to offset a slip in Refrigerated Foods sales. The company raises full-year EPS guidance to a range of $1.93-$2.03, up from a prior estimate of $1.90-$2.00. (PR)

    | Feb. 21, 2013, 6:50 AM | 1 Comment
  • Feb. 21, 2013, 6:38 AM
    Hormel Foods (HRL): FQ1 EPS of $0.48 misses by $0.01. Revenue of $2.1B (+4% Y/Y) misses by $0.04B. (PR)
    | Feb. 21, 2013, 6:38 AM
  • Feb. 21, 2013, 12:05 AM

    Notable earnings before Thursday’s open: AYR, CHK, CMS, DAN, DDS, DNR, ESV, FAF, FNP, GTXI, HEP, HNZ, HRL, HST, IMAX, IRC, LINE, LXP, PCG, PEG, PKD, PWR, PXP, SCG, SFL, SFY, SUI, SWY, TASR, THI, TK, TNK, WMT, WPRT, ZLC

    | Feb. 21, 2013, 12:05 AM
Company Description
Hormel Foods Corp is engaged in the production of meat and food products and the marketing of those products throughout the United States and internationally.
Industry: Meat Products
Country: United States