After moving -1.2% during today's evening session, Hormel Foods is now trading at a price of $32.02 per share. On average, analysts give it a target price of $38.17.
Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and food products to retail, foodservice, deli, and commercial customers in the United States and internationally.
Hormel Foods Investors Should Consider This:
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Hormel Foods has moved -28.0% over the last year.
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The company has a price to earnings growth (PEG) ratio of 4.45. A number between 0 and 1 could mean that the market is undervaluing Hormel Foods's estimated growth potential
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Its Price to Book (P/B) ratio is 2.27
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Hormel Foods currently returns an annual dividend yield of 3.3%.
Understanding Hormel Foods's Operating Margins
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-06 | 12,458,806 | -879,265 | 10 | 11.11 |
| 2021-12-10 | 11,386,189 | -853,071 | 9 | -18.18 |
| 2020-12-04 | 9,608,462 | -761,315 | 11 | -8.33 |
| 2019-12-06 | 9,497,317 | -727,584 | 12 | 0.0 |
| 2018-12-07 | 9,545,700 | -841,205 | 12 | -14.29 |
| 2017-12-20 | 9,167,519 | -762,104 | 14 |
Over the last 6 years, Hormel Foods's operating margins have averaged 11.3%, which is comparable to the Food industry average of 11.77%. The firm's margins exhibit a relatively stable growth trend of -5.0%.
