What's Happening with HRL
Hormel Foods Corp (HRL) is scheduled to report Quarter 4 numbers before market open on November 30. Analysts forecast the company will earn $0.49 per share for the quarter. During the same period last year, the company earned $0.51 per share. The stock is up 0.57% on the year.
Technical Analysis
HRL was recently trading at $49.41, down $5.70 from its 12-month high and $8.16 above its 12-month low. InvestorsObserver gives HRL a 68 long-term technical score and a 83 short-term technical score. The stock has recent support above $46 and recent resistance below $51. Of the 8 analysts who cover the stock 1 rate it Strong Buy, 0 rate it Buy, 6 rate it Hold, 1 rate it Sell, and 0 rate it Strong Sell, HRL gets an overall score of 60 from InvestorsObserver.
Analysts' Thoughts
HRL has shown an annual earnings growth of 1.56% over the last five years, and, looking ahead, analysts expect the company's profits to rise 8.75% per annum over the next five years. Last quarter the company posted worse than expected EPS and this quarter the street expects earnings of $0.49 per share. HRL is currently trading at $49.41 with an average price target of $49.00.