HRL - How To Earn $500 A Month From Hormel Foods Stock Following Q2 Results | Benzinga
Hormel Foods Corp (NYSE:HRL) reported mixed financial results for its second quarter last week.
On May 30, the Austin, Minnesota-based company said second-quarter fiscal 2024 sales declined 3% year-over-year to $2.887 billion, missing the consensus of $2.967 billion. Adjusted EPS was 38 cents, down from 40 cents YoY and above the consensus of 36 cents, according to data from Benzinga Pro.
Hormel revised its adjusted EPS expectation to $1.55 – $1.65 from $1.51 – $1.65, versus consensus of $1.58.
On May 31, JPMorgan analyst Thomas Palmer upgraded Hormel Foods from Underweight to Neutral and raised the price target from $28 to $29.
With the recent buzz around Hormel Foods, some investors may be eyeing potential gains from the company's dividends too. As of now, Hormel Foods offers an ...