Hormel Foods Corp (HRL) Releases Earnings Results, Reports EPS of $0.45 EPS

Hormel Foods Corp (HRL) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. HRL reported $0.45 EPS for the quarter. Analysts had a consensus estimate of $0.45. The company posted revenue of $2627.90 million in the period, compared to analysts expectations of $2622.84 million. HRL’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

Hormel Foods Corp closed down -0.36 points or -1.00% at $35.58 with 26,33,005 shares getting traded on Monday. Post opening the session at $35.97, the shares hit an intraday low of $35.42 and an intraday high of $36 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Oct 13, 2016, Steven G Binder (Executive Vice President) sold 12,000 shares at $37.98 per share price. According to the SEC, on Sep 29, 2016, Glenn R Leitch (Group Vice President) sold 400 shares at $38.37 per share price. On Sep 28, 2016, Brian Dean Johnson (VP & Corporate Secretary) sold 3,500 shares at $38.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products which consists of the processing marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods which consists of the processing marketing and sale of branded and unbranded pork and beef products for retail foodservice and fresh product customers; Jennie-O Turkey Store which consists of the processing marketing and sale of branded and unbranded turkey products for retail foodservice and fresh product customers; Specialty Foods which consists of the packaging and sale of private label shelf stable products nutritional products sugar and condiments to industrial retail and foodservice customers and International & Other which includes the Hormel Foods International operating segment which manufactures markets and sells the Company products internationally.

Hormel Foods Corp

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