On Monday, Shares of Hormel Foods Corporation (NYSE: HRL) declined -1.67% to $36.59. The stock recorded $36.43 as its minimum price and hit the max level of $37.44, during its most recent trading session. It traded total volume of 3.33M shares higher than the average volume of 2.63M shares.
Hormel Foods Corp. (HRL) stated fiscal second-quarter earnings of $237.40M. On a per-share basis, the Austin, Minnesota-based company said it had net income of 44 cents. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The maker of Spam canned ham, Dinty Moore stew and other foods posted revenue of $2.330B in the period.
Hormel anticipates full-year earnings to be $1.81 to $1.95 per share, with revenue in the range of $9.70B to $10.10B.
HRL has the market capitalization of $19.20B and its EPS growth ratio for the past five years was 11.10%. The return on assets ratio of the Company was 12.90% while its return on investment ratio stands at 16.40%. Price to sales ratio was 2.05 while 43.50% of the stock was owned by institutional investors.