New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 21, 2014
12:24 EDTHRL, TSNHormel hits 52-week high after Q3 results beat estimates
Shares of meat and food products company Hormel Foods (HRL) are rising after the firm's third quarter results topped analysts' consensus estimates. The midpoint of Hormel's fiscal 2014 EPS view also beat estimates. WHAT'S NEW: This morning, Hormel reported Q3 EPS of 51c and revenue of $2.28B, beating analysts' consensus estimates of 48c and $2.23B, respectively. The company said its Q3 results reflected strong demand for pork and turkey. Chairman, President and Chief Executive Officer Jeffrey Ettinger said increased sales of value-added products in its Jennie-O Turkey Store, Refrigerated Foods and International & Other segments offset a "challenging" quarter for the company's Grocery Products and Specialty Foods segments. WHAT'S NOTABLE: Looking ahead, Hormel forecast FY14 EPS of $2.17-$2.27, compared to analysts' consensus estimates of $2.19. The company sees a strong end to the year from its Jennie-O Turkey Store segment and from its International & Other and Specialty Foods segments. The impact of cost pressures in Grocery Products segment is likely to continue in the fourth quarter, and pork operating margins are not expected to be as beneficial to Refrigerated Foods, Hormel said. PRICE ACTION: In early afternoon trading, Hormel rose $2.59, or 5.41%, to $50.44 on nearly twice its average daily trading volume. The stock continues to make fresh 52-week highs as the session unfolds. Including today's advance, the stock is up approximately 20% over the past 12 months. OTHERS TO WATCH: Hormel's peer, Tyson Foods (TSN), is up around 0.4% on the session.
News For HRL;TSN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 26, 2015
16:29 EDTHRLHormel Foods trades higher on Applegate Farms acquisition
Shares are up over 3.3% to $58.50 in the extended session. At current price resistance is at $59.36, the 52-week high. Support is at $57.79.
16:24 EDTHRLHormel Foods to acquire Applegate for approximately $775M
Subscribe for More Information
16:21 EDTHRLHormel Foods to acquire Applegate Farms
May 20, 2015
08:10 EDTTSNTyson Foods repeats FY15 adjusted EPS view $3.30-$3.40, consensus $3.44
Subscribe for More Information
07:07 EDTHRLBMO Capital to hold a conference
10th Annual Farm to Market Conference is being held in New York on May 20-21 with webcasted company presentations to begin on May 20 at 8 am; not all company presentations may be webcasted. Webcast Link
06:40 EDTHRLHormel Foods sees avian influenza impact on Jennie-O Turkey sales "significant"
Subscribe for More Information
06:37 EDTHRLHormel Foods backs FY15 non-GAAP view at lower end of $2.50-$2.60
Subscribe for More Information
06:35 EDTHRLHormel Foods reports Q2 EPS 67c, consensus 63c
Subscribe for More Information
May 19, 2015
17:16 EDTTSNTyson Foods awarded $194.79M government contract
Subscribe for More Information
15:10 EDTHRLHormel Foods technical notes before earnings
Subscribe for More Information
15:00 EDTHRLNotable companies reporting before tomorrow's open
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use