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Trading signal Hormel Foods Corp - HRL

US Stock Price Signals and Analysis

Good Morning Traders,

Today, Oct. 07,  Lift-Off offers a SHORT trading signal on the US stock Hormel Foods Corp (Ticker: HRL) listed on the NYSE and part of the S&P500 index, which was formed by the close of Oct. 6.

The stock closed at $44.91 per share, marking a -3.02 percent decline.

The company operates in the "Consumer Non-Durable Goods" sector specifically in the "Food: Meat/Fish/Latticines Industry."

The company has good financial robustness data, e.g. Cash-To-Debt at 0.26 and Equity-to-Asset 0.56, but with a ROIC significantly higher than WACC.

Future growth projection is low, but with a more than good profitability level.

At this time, the price is moderately undervalued compared to the intrinsic value attributed to it.

Turnover is up, net revenue down  from 2019, debt up from 2020, with a huge increase in 2021, which have caused available cash to decline.

Next earnings release for Q3 2022: November 22, 2022

Below chart of Hormel Foods Corp - HRL - with signal detected by Lift-Off

Some information Hormel Foods Corp

Hormel Foods Corp. engages in the production of meat and food products. 

It is involved in food products, refrigerated foods, Jennie-O Turkey Store and International 

specifically in the processing, marketing and sale of shelf-stable food products sold in the retail market, refrigerated foods is involved in the processing, marketing and sale of branded and unbranded pork, beef and poultry products for retail, restaurant, deli and commercial customers.

The Jennie-O Turkey Store brand includes processing, marketing, and sales of branded and unbranded turkey products for retail, catering, and fresh produce customers. 

In addition, it includes Hormel Foods International, which manufactures, markets, and sells company products internationally.

 The company was founded by George A. Hormel in 1891 and is headquartered in Austin, MN.

Financial Overview: HRL's current market capitalization is US$25,294B. The company's TTM EPS is 1.84 USD, dividend yield is 2.32% and PE is 25.37. Hormel Foods Corporation's next earnings release date is November 22. The estimate is US$0.50.

Accounts, including sales, expenses, profit and loss: HRL's total sales for the latest quarter is US$3.03B, down 2.01% from the previous quarter. Net income in Q3 22 is 218.91M USD.

Overview data and accounts source: Tradingview.com

Signal board on Oct. 07, 2022

SHORT - Hormel Foods Corp - HRL

Input price: $44.91 (and any opening price)

Price stop loss or adjustment zone: $47.90

Price take profit zone 1: $41.80 

Price take profit zone 1: $41.80 

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