Packaged Foods & Meats

Hormel Foods Corp (NYSE: HRL) reported a 15% rise in its fiscal third-quarter net income and raised its full-year earnings forecast. Hormel reported its quarterly earnings at $98.5 million, or $0.36 per share, up from $85.4 million, or $0.32 per share, in the year-ago period. Its revenue climbed 10...

Sanderson Farms Inc (NASDAQ: SAFM) reported a loss for the third-quarter on Thursday. Sanderson Farms posted a quarterly loss of $56 million, or $2.51 per share, versus a profit of $36 million, in the same year-ago period. Analysts were expecting a loss of $0.96 per share. Its revenue surged 4.5%...

Hormel Foods Corp (NYSE: HRL) reported a 15% rise in its fiscal third-quarter net income and raised its full-year earnings forecast. Hormel reported its quarterly earnings at $98.5 million, or $0.36 per share, up from $85.4 million, or $0.32 per share, in the year-ago period. Its revenue climbed...

This is your Benzinga news summary and traders' outlook for Thursday, August 25, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading slightly higher. At last check, Dow futures are up about 25 points and...

US stock futures are slightly lower this morning, as investors are awaiting jobless claims data. Shares of Apple Inc (NASDAQ: AAPL) dropped about 4.5% in pre-market trading following the resignation of Chief Executive Officer Steve Jobs. Futures for the Dow Jones Industrial Average dropped 12...

Krispy Kreme Doughnuts Inc (NYSE: KKD) is expected to report its Q2 EPS at $0.06 on revenue of $92.26 million. Hormel Foods Corporation (NYSE: HRL) is estimated to report its Q3 EPS at $0.35 on revenue of $1.87 billion. Shoe Carnival Inc (NASDAQ: SCVL) is projected to report its Q2 EPS at $0.30...

Some of the stocks that may grab investor focus today are: Wall Street expects Hormel Foods Corporation (NYSE: HRL) to report its Q3 EPS at $0.35 on revenue of $1.87 billion. HRL shares rose 0.39% to close at $28.44 yesterday. Guess Inc (NYSE: GES) reported its FQ2 net profit at $60.7 million, or...

Gabelli is out with its report today on HJ Heinz (NYSE: HNZ), maintaining Hold. In its report, Gabelli writes, "Looking ahead, growth initiatives, such as new products, favorable price/mix, more efficient spending on discounts & allowances in Europe and acquisitions will drive top-line results...

Unilever (NYSE: UL) announced today that it has reached an agreement to sell the Alberto VO5 brand in the United States and Puerto Rico from the Alberto Culver portfolio and the Rave brand globally from the Unilever portfolio to private equity firm Brynwood Partners VI L.P. The deal is subject to...

J.P.Morgan Chase & Co. is out with a research report on H.J. Heinz Co. (NYSE: HNZ) after it reported earnings, and is lowering its price target to $57 from $60, but is keeping its Overweight rating. In a note to clients, J.P.Morgan Chase & Co. writes, "Heinz yesterday reported adjusted...

J.P. Morgan Chase & Co. is out with a research report on Hain Celestial Group (NASDAQ: HAIN) and it has an Overweight rating and a $39 price target after it reported earnings. In a note to clients, J.P. Morgan Chase & Co. writes, "Hain Celestial yesterday reported adjusted earnings per...

Piper Jaffray has published a research report on Hain Celestial Group (NASDAQ: HAIN). In the report, Piper Jaffray wrote, "HAIN announced FQ4 earnings yesterday morning, beating our EPS estimate of $0.32/share by $0.03. The upside to our model was primarily driven by much better than expected top...

Jefferies has published a research report on Hain Celestial (NASDAQ: HAIN), shifting EPS estimates slightly. In the report, Jefferies wrote, "HAIN surpassed expectations in 4Q, delivering very strong top-line growth and improved profitability despite increased input-cost headwinds. The company's...

JP Morgan has lowered the price target on HJ Heinz Company (NYSE: HNZ) from $60 to $57 and maintains its Overweight rating.

Piper Jaffray has lowered the price target on Hain Celestial Group (NASDAQ: HAIN) from $32 to $31 and maintains its Neutral rating.