Earnings Estimates to see: Hormel Foods Corporation (HRL), Tenaris SA (TS)

James Marshall
January 6, 2018

Americafirst Capital Management LLC bought a new position in Hormel Foods Corp (NYSE:HRL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The stock closing price is now trading upward to its 50 day moving average with change of 7.34%, escalated to its 20 day moving average with figure of 5.93% and behind its 200 day moving average with value -0.97%. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Pacer Advisors Inc. increased its holdings in Hormel Foods by 8.3% during the second quarter. Another trade for 4,000 shares valued at $126,400 was made by PIPPINS DAKOTA A on Friday, September 8. Glenmede Trust Co. NA boosted its position in shares of Hormel Foods Corporation by 111.9% in the second quarter. Janus Henderson Group PLC now owns 96,647 shares of the company's stock valued at $3,107,000 after purchasing an additional 17,709 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Hormel Foods by 22.4% in the third quarter.

Several other institutional investors have also sold shares of the company.

Hormel Foods Corp (NYSE:HRL) Director Elsa A. Murano sold 7,129 shares of the firm's stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $36.00, for a total transaction of $256,644.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 15,000 shares valued at $468,453 were sold by BINDER STEVEN G on Thursday, September 7. The shares were sold at an average price of $37.50, for a total value of $119,400.00. The disclosure for this sale can be found here. In current trading day Hormel Foods Corporation (HRL) stock confirmed the flow of 1.25% with the final price of $36.45. Given that its average daily volume over the 30 days has been 2.64 million shares a day, this signifies a pretty significant change over the norm. To see the ratio analysis, the debt to equity ratio appeared as 1.44 for seeing its liquidity position. Hormel Foods Corp has a 12 month low of $29.75 and a 12 month high of $38.00. The firm has price to earnings growth of 42.91, which is a valuation metric for determining relative trade-off among price of a stock.

Earnings Estimates to see: Hormel Foods Corporation (HRL), Tenaris SA (TS)
Earnings Estimates to see: Hormel Foods Corporation (HRL), Tenaris SA (TS)

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01.

The company's Average Revenue Estimate for the current quarter is $2.39 Billion, while Low and High Revenue Estimates are $2.29 Billion and $2.48 Billion respectively. MORRISON JOHN L also sold $789,445 worth of Hormel Foods Corporation (NYSE:HRL) on Friday, October 13. Vantiv, Inc. earnings have risen with an annualized rate of 50.6% over the last 5 years. During the same quarter last year, the business posted $0.45 EPS. sell-side analysts anticipate that Hormel Foods Corp will post 1.67 earnings per share for the current year.

Now, while a dividend yield of just over 2% still isn't incredibly high, it might be interesting for those in search of a long-term dividend investment, should the company be able to continue increasing its payouts to shareholders. The ex-dividend date of this dividend is Friday, January 12th. State Of Alaska Department Of Revenue has invested 0.12% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Hormel Foods's payout ratio is now 43.31%. However, the stock is trading at -8.08% versus recent highs ($30.45). Canaccord Genuity initiated the shares of NXRT in report on Tuesday, June 28 with "Buy" rating. On Thursday, October 26 the stock rating was initiated by FBR Capital with "Buy". Hormel Foods has an average rating of Hold and a consensus price target of $35.70. The firm has "Hold" rating by Jefferies given on Monday, October 30. The stock of Hormel Foods Corporation (NYSE:HRL) has "Hold" rating given on Monday, December 14 by Deutsche Bank. Mizuho set a $34.00 target price on shares of Hormel Foods and gave the stock a hold rating in a report on Saturday, November 25th. Below is a brief commentary around Hormel Foods's earnings outlook going forward, which may give you a sense of market sentiment for the company.

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