HRL posts
FeedPosted Nov 22nd 2009 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Hewlett-Packard (HPQ), Hormel Foods (HRL), Tyson Foods'A' (TSN)
Though the earnings season is winding down, and the coming week includes the Thanksgiving holiday in the U.S., plenty of reports are still due out. And analysts surveyed by Thomson Reuters don't seem to be expecting too many turkeys among this week's bunch.
Leading U.S. meat processor Tyson Foods Inc. (TSN), which has just named a new chief executive officer and a new chief operating officer, is expected to report fiscal fourth-quarter earnings of $0.26 per share, up from $0.14 in the same period of last year. But revenue is expected to total $6.9 billion, or 4.3% less than a year ago. The full-year forecast is for a profit of $0.25 per share (-16.7) on $26.4 billion (-3.9%) in sales. This dividend payer has offered upside surprises in the past two quarters, topping estimates by 11 cents per share in the third quarter. The long-term EPS growth forecast is 8.5%, which is about the same as that of competitor Smithfield Foods Inc. (SFD). Tyson's earnings multiple is 13x. The First Call consensus recommendation has been to buy TSN for more than 90 days. The mean price target is $13.83. JPMorgan, though, downgraded Tyson due to rising commodities prices and other reasons, but BloggingStocks contributor Joseph Lazzaro likes it for its diversity and global reach. Shares have faced resistance around $13 since early September and closed the week at $13.07.
Continue reading The week in preview: No turkey earnings from Tyson, Hormel, Cracker Barrel ...
Posted Aug 15th 2009 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Blockbuster Inc 'A' (BBI), Applied Materials (AMAT), CIT Group (CIT), Sara Lee Corp (SLE), Kohl's Corp (KSS), Hormel Foods (HRL), Liz Claiborne (LIZ), Lions Gate Entertainment (LGF)
Continue reading Earnings highlights: Blockbuster, Walmart, Applied Materials, ING, Priceline ...
Posted May 23rd 2009 2:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Hewlett-Packard (HPQ), Home Depot (HD), McDonald's (MCD), Gap Inc (GPS), Lowe's Cos (LOW), Hormel Foods (HRL), Limited Brands (LTD), Suntech Power Hldgs ADS (STP)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: HP, Gap, Saks, Hormel, Barnes & Noble and more
Posted Apr 27th 2009 1:00PM by Melly Alazraki (RSS feed)
Filed under: Walgreen Co (WAG), Novartis AG ADS (NVS), Baxter Intl (BAX), CVS Corp (CVS), Hormel Foods (HRL), Tyson Foods'A' (TSN), Smithfield Foods (SFD), Gilead Sciences (GILD), Agriculture

I remember Toronto during SARS. As one of the harder hit areas, it was not a happy place. It was the end of winter, but that miserable, cold winter just didn't want to end. People walked the streets in a gloomy haze, afraid to take the subway and giving dirty looks to anyone brazen enough to cough in public. Worse, I couldn't even visit a friend in the hospital. All things considered though, in global pandemic terms, it was over relatively quickly. Let's hope swine flu will be the same.
In the meantime, let's put on our investors hats and see what's in store for some stocks:
Travel and tourist stocksThis is one of the worst hit areas, especially airlines, as people may cancel their travel plans. For example,
AMR Corp. (NYSE:
AMR) traded over 9 percent lower an hour after the open.
Royal Caribbean Cruises (NYSE:
RCL) was down over 15 percent. In fact UBS downgraded these airlines and hotels this morning: AMR,
Continental Airlines (NYSE:
CAL),
Host Hotels and Resorts (NYSE:
HST),
Lasalle Hotel Properties (NYSE:
LHO),
Marriott (NYSE:
MAR),
United Airlines (NASDAQ:
UAUA),
US Airways (NYSE:
LCC).
Carnival Cruise Lines (NYSE:
CCL) also declined considerably. Best to stay away from the sector.
Continue reading Don't fear the swine flu . . . trade it
Posted Feb 28th 2009 12:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Yahoo! (YHOO), Dell (DELL), General Motors (GM), Gap Inc (GPS), Lowe's Cos (LOW), Office Depot (ODP), Hormel Foods (HRL), salesforce.com inc (CRM), Public Storage (PSA)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Dell, GM, Lowe's, Heinz, Smucker, Washington Post and more
Posted Feb 21st 2009 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Wal-Mart (WMT), Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), CVS Corp (CVS), Expedia Inc (EXPE), Hormel Foods (HRL), Teva Pharm Indus ADR (TEVA), Goodyear Tire and Rubber (GT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more
Posted Feb 19th 2009 11:55AM by Elizabeth Harrow (RSS feed)
Filed under: Earnings reports, Forecasts, Hormel Foods (HRL), Options
Shares of Hormel Foods Corporation (NYSE: HRL) are on the upswing today, after the packaged-foods firm exceeded analysts' first-quarter earnings expectations. The company's upside surprise is partially attributable to strong sales of its infamous canned meat, Spam, which successfully lured in cost-conscious consumers.
During the recently concluded quarter, HRL banked a profit of $81.4 million, or 60 cents per share. That's an 8% slide from the same quarter last year, but analysts were expecting a profit of just 51 cents per share. Net sales rose 4% to $1.69 billion, with strong results for Dinty Moore stews, Hormel chili, and the aforementioned Spam.
Continue reading Sales rise at Hormel, boosted by strength in Spam
Posted Nov 30th 2008 12:30PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Forecasts, Sears Holdings (SHLD), Toll Brothers (TOL), Smithfield Foods (SFD)
Last week, Bank of Montreal (NYSE: BMO), one of Canada's oldest and largest banks, reported growth in its fiscal fourth-quarter earnings. But it may be the only one that does, as at least two of the Canadian banks scheduled to report fourth-quarter numbers this week have already released preliminary results that warn of lower earnings due to debt write-downs and trading losses.
Analysts surveyed by Thomson Reuters expect Toronto-based Canadian Imperial Bank of Commerce (NYSE: CM) to post earnings 42.6% lower than a year ago, or $1.28 per share. CIBC beat estimates by a penny in the third quarter, but missed by a penny in the period before that. The bank faces a class-action lawsuit related to investments in collateralized debt obligations consisting of U.S. subprime mortgages. Shares have climbed 20.7% from a recent 52-week low of $39.52, but are down 37.8% in the past three months.
Toronto Dominion Bank (NYSE: TD), Bank of Nova Scotia (NYSE: BNS), and Royal Bank of Canada (NYSE: RY) are expected to report more modest earnings declines of $1.01 per share, $0.73 per share, and $0.83 per share, respectively. All three Toronto-based banks topped estimates in the third quarter. Toronto Dominion and RBC have recently announced plans to offer shares in order to raise capital. Toronto Dominion and Scotiabank have been trading near 52-week lows, and their share prices are down around 39% in the past three months. But only Toronto Dominion has a consensus buy recommendation from analysts.
Continue reading The week in preview: Canadian banks, homebuilders, Sears and food producers
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