Hormel Foods on record hunt according analysts

Tomorrow Hormel Foods will report her past quarter's results. Based on the analyst expectation both the revenue and the net profit would be on all time high levels. For this year most of the analyst expect a total sales of 9,39 billion dollars. The expectations of the revenue would mean a record revenue for the company. This is slightly more than the revenue over 2015 of 9,26 billion dollars.

Historical revenues and results Hormel Foods plus taxations 2016

Hormelfoods

For 2016 the analysts foresee a record net profit of 863 million dollars. For this year most of the analysts expect a profit per share of 1,59 dollars. Based on the analyst's expectations the price/earnings-ratio is 22,76.

The average of the dividends estimates is at 0,57 cents. The dividend return consequently equals 1,58 percent. The average dividend of the food sector equals 1,64 percent.

Based on the number of outstanding shares Hormel Foods 's market capitalization equals 19,12 billion dollars.

The stock closed last Tuesday at 36,19 dollars.

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.