Hormel Foods Achieves Record First Quarter Earnings and Raises Fiscal 2016 Guidance
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February 18, 2016 6:53 AM EST
CLSA downgraded Hormel Foods (NYSE: HRL) from Outperform to Underperform.
For an analyst ratings summary and ratings history on Hormel Foods click here. For more ratings news on Hormel Foods click here.
Shares of Hormel Foods closed at $44.47 yesterday.
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February 17, 2016 6:43 AM EST
Jefferies downgraded Hormel Foods (NYSE: HRL) from Buy to Hold with a price target of $43.00 (from $42.50).
Analyst Akshay Jagdale commented, "We believe HRLs management team is among the best in the industry as evidenced by consistent, top-tier earning growth & TSR for the past... More
February 16, 2016 6:33 AM EST
Hormel Foods (NYSE: HRL) reported Q1 EPS of $0.43, $0.06 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.4 billion.
GUIDANCE:
Hormel Foods sees FY2016 EPS of $1.50-$1.56, versus prior guidance of... More
