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Nov 30, 2022

Hormel Foods (HRL, $48.15) beats fiscal Q4 earnings expectations; provides lower-than-expected revenue guidance

Hormel Foods reported fourth-quarter earnings that topped analysts’ expectations. However, the food company’s forecast for 2023 sales were lower than anticipated.

Diluted earnings for the quarter came in at 51 cents a share, vs. Wall Street analysts’ expectations of 50 cents a share. Net sales in the quarter were down -5% year-over-year to $3.3 billion, with organic net sales up +2%, excluding the impact of an additional week last year.

For the full fiscal year 2022, Hormel registered record net sales of $12.5 billion, up +9%; organic net sales having climbed 6%, excluding the partial-year impact of the Planters snack nuts business and an additional week last year..Diluted earnings per share were +10% up to $1.82.

For 2023, Hormel predicted $12.6 billion to $12.9 billion in net sales, while analysts expected $13.1 billion in net sales. “We expect to operate in a volatile, complex and high-cost environment again in fiscal 2023,” CEO Jim Snee said. “We have benefited from our balanced business model, which is not heavily dependent on any one channel, protein, input or product category.”

Related Ticker: HRL

HRL in downward trend: price dove below 50-day moving average on May 28, 2024

HRL moved below its 50-day moving average on May 28, 2024 date and that indicates a change from an upward trend to a downward trend. In of 47 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HRL as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HRL turned negative on May 23, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for HRL crossed bearishly below the 50-day moving average on May 31, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HRL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HRL's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where HRL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HRL advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .

HRL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 169 cases where HRL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.443) is normal, around the industry mean (6.638). P/E Ratio (24.124) is within average values for comparable stocks, (27.068). Projected Growth (PEG Ratio) (3.051) is also within normal values, averaging (2.471). Dividend Yield (0.032) settles around the average of (0.043) among similar stocks. P/S Ratio (1.582) is also within normal values, averaging (64.552).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HRL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HRL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 8.72B. The market cap for tickers in the group ranges from 6.25K to 327.81B. NSRGY holds the highest valuation in this group at 327.81B. The lowest valued company is OGGFF at 6.25K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was -1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 24%. DDC experienced the highest price growth at 118%, while AMNC experienced the biggest fall at -74%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was 11%. For the same stocks of the Industry, the average monthly volume growth was -11% and the average quarterly volume growth was -56%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 63
Price Growth Rating: 57
SMR Rating: 75
Profit Risk Rating: 79
Seasonality Score: 6 (-100 ... +100)
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published General Information

General Information

a manufacturer of meat products and other prepared foods

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
Food Meat Or Fish Or Dairy
Address
1 Hormel Place
Phone
+1 507 437-5611
Employees
20000
Web
https://www.hormelfoods.com
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