Hormel (NYSE:HRL) Unveils Higher Quarterly Profit – HRL, TSN, SFD, BRFS, PPC

Hormel

Hormel Foods Corporation (NYSE:HRL) disclosed on Tuesday that its higher quarterly earnings on Tuesday as losses in the firm’s hog operations were offset by profit increase in other parts of the business.

The seller of Spam canned ham, Hormel meats and Jennie-O turkeys reported that net income had surge to $132.6 million, or 49 cents a share, in the Q4 ended on Oct. 28 from $117.3M, or 43 cents a share, a year before.

The firm declared that its net sales surge to $2.17 billion from $2.10 billion. The firm estimates fiscal 2013 earnings of $1.90 to $2.00 a share.

Hormel Foods Corporation (NYSE:HRL) stock hit highest price at $31.00, beginning with a price of $31.00 and reported decreased -4.03% to $30.04 at 10:55AM EST with day range of $29.82-$31.00. The total market capitalization remained $7.90 billion, current volume was 628,150.00 shares lower than its average volume of 724,358.00 shares.

To check the Stocks ups and downs, HRL last week stock price volatility remained 1.87% and month was at 1.50%. HRL generated revenue of 8.16 billion in the following twelve months income of $484.76 million. The Company showed a positive 5.99% in the net profit margin and in addition to in its operating margin which remained 9.18%. Company’s annual sales growth for the past five year was 6.56%.

The HRL past twelve months price to sales ratio was 1.01 and price to cash ratio remained 13.48. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Tyson Foods, Inc. (NYSE:TSN)’s P/S 0.20% P/C 8.18%, Smithfield Foods, Inc. (NYSE:SFD)’s P/S 0.25% P/C 15.80%, BRF Brasil Foods SA (ADR) (NYSE:BRFS)’s P/S 1.27% P/C 12.27%, Pilgrim’s Pride Corporation (NYSE:PPC)’s P/S 0.22% P/C 33.14%.

 

For consideration of being featured on WallstreetPR, contact: Editor@Wallstreetpr.com

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any content posted on our website is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WallStreetPR strongly recommends you consult a licensed or registered professional before making any investment decision. Neither WallStreetPR.com nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. WallStreetPR often gets compensated for advertisement services that are disclosed on our disclaimer located at WallStreetPR.com/Disclaimer.

Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.