With 2.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.72 million shares. The 52-week range on HRL shows that it touched its highest point at $36.86 and its lowest point at $28.03 during that stretch. It currently has a 1-year price target of $33.33. With its current market cap of 15.84 billion, HRL has annualized dividend of $1.14 while the current yield stands at 3.94%. Beta for the stock currently stands at 0.20.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HRL was up-trending over the past week, with a rise of 1.12%, but this was down by -6.51% over a month. Three-month performance dropped to -1.23% while six-month performance fell -11.72%. The stock lost -0.48% in the past year, while it has lost -8.03% so far this year. A look at the trailing 12-month EPS for HRL yields 1.47 with Next year EPS estimates of 1.82. For the next quarter, that number is 0.38. This implies an EPS growth rate of 4.44% for this year and 10.18% for next year. EPS is expected to grow by 8.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -3.96%.
Float and Shares Shorts:
At present, 548.61 million HRL shares are outstanding with a float of 290.75 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HRL since 6 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.59174 being high and $1.57172 being low. For HRL, this leads to a yearly average estimate of $1.58173. Based on analyst estimates, the high estimate for the next quarter is $0.4 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.39.
