Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic Initiatives

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Go back to Hormel Foods Announces Third Quarter Results And Continued Progress Towards Key Strategic Initiatives

Credit Suisse Downgrades Hormel Foods (HRL) to Neutral; Reduced Visibility

August 25, 2017 6:51 AM EDT

Credit Suisse downgraded Hormel Foods (NYSE: HRL) from Outperform to Neutral with a price target of $33.00 (from $39.00) and removed it from the Focus List.

Analyst Robert Moskow notes volatility in the protein markets reduces visibility. The firm has reduced confidence in... More

Hormel Foods (HRL) Misses Q3 EPS by 3c

August 24, 2017 6:31 AM EDT

Hormel Foods (NYSE: HRL) reported Q3 EPS of $0.34, $0.03 worse than the analyst estimate of $0.37. Revenue for the quarter came in at $2.21 billion versus the consensus estimate of $2.24 billion.

Record earnings before income tax of $278 million, up 1 percent compared to 2016 earnings before income tax of... More