On Track Start to Fiscal 2018 Despite Turkey Troubles Leaves Our Outlook for Hormel Intact
We do not anticipate altering our $36 per share valuation for narrow-moat Hormel materially after it posted first-quarter earnings. Hormel raised its fiscal 2018 diluted EPS guidance to $1.81 to $1.95 from $1.62 to $1.72 (our forecast calls for $1.88), with tax reform benefits offset by turkey segment softness. We believe the turkey challenges (which led to nearly 350 basis points of segment margin deterioration) are transitory, and that the firm can use its brand strength to navigate higher fre...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.