Hormel Foods Corporation (NYSE:HRL) Updates On Dividend Release Date


On 2016-05-24, Hormel Foods Corporation (NYSE:HRL) confirmed the dividend disbursement of $0.145 a share to shareholders as on record 2016-07-18. The firm will release dividend on 2016-08-15 while ex-dividend date is reported to be 2016-07-14.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Hormel Foods Corporation (NYSE:HRL) paid a total of $0.145 per share in dividends. This figure stood at $0.145 a share in the same period a year ago indicating a deviation of 25%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $36 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $44 and $25.5, respectively.

Taking the mathematical rating formula, the price for Hormel Foods Corporation (NYSE:HRL) stands at 2.83. Earnings Review Hormel Foods Corporation (NYSE:HRL) will report its quarterly earnings for the period ending on 2016-10-31 by 2016-11-22. For the period ending on 2016-10-31, experts are expecting EPS of $0.43.

Coming to the quarter ending on 2015-10-31, Hormel Foods Corporation (NYSE:HRL) recorded EPS of $0.36. The reported numbers came lower than the analysts’ estimates of $0.34, demonstrating a miss of $0.02 as against reported figures.

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