Hormel Foods Corp (HRL) to Release Quarter 3 Numbers

Last Updated: Friday, August 27, 2021 4:11 PM | Neal Farmer

What's Happening with HRL

Hormel Foods Corp (HRL) is scheduled to report Quarter 3 numbers before the market open on September 2. Analysts forecast earnings of $0.29 per share for the quarter. During the same period last year the company earned $0.22, and the stock is down -3.7% on the year.

Technical Analysis

HRL was recently trading at $44.87 down $7.64 from its 12-month high and $1.42 above its 12-month low. InvestorsObserver gives HRL a 10 long-term technical score and a 22 short-term technical score. The stock has recent support above $44.62 and recent resistance below $49.18. Of the 8 analysts who cover the stock 0 rate it Strong Buy, 0 rate it Buy, 6 rate it Hold, 1 rate it Sell, and 1 rate it Strong Sell, HRL gets an overall score of 26 from InvestorsObserver.

Analysts' Thoughts

HRL has shown annual earnings growth of 7.98% over the last five years, and looking ahead analysts expect the company to grow profits 7.00% per annum the next five years. Last quarter the company posted better than expected EPS and this quarter the street expects $0.29 EPS. HRL is currently trading at $44.87 with an average price target of $47.33.

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