General Mills’ Revenue: Lower than Analysts’ Estimates
In fiscal 3Q17, General Mills posted revenue of $3.79 billion—a fall of 5.2% from $4 billion in fiscal 3Q16.
General Mills (GIS) reported its fiscal 3Q17 earnings on March 21, 2017. The results are for a three-month period ending on February 26, 2017.
General Mills (GIS) plans to announce its fiscal 3Q17 results on March 21, 2017. The company’s management lowered its EPS growth guidance to 5%–7% from its earlier guidance of 6%–8%.
As of December 22, 2016, General Mills (GIS) was trading at $62.5. The current price may have already factored in the estimates we’ve discussed in previous parts of this series.
There are various multiples available to assess a stock’s valuation. For this analysis, we chose the PE (price-to-earnings) ratio due to General Mills’ (GIS) high earnings visibility.
In fiscal 2Q17, General Mills (GIS) posted adjusted EPS of $0.85, which represents growth of 3.7% from $0.82 in fiscal 2Q16.
General Mills (GIS), a Minneapolis-based consumer food products manufacturing company, reported its fiscal 2Q17 earnings on December 20, 2016.
In fiscal 2Q17, analysts are expecting General Mills to post adjusted EPS of $0.87, which represents a growth of 6.1% from $0.82 in fiscal 2Q16.
Hormel is trading at a PE ratio of 22.9x as of August 22. Analysts expect its adjusted EPS to rise by 23% and its revenue to increase by 2% in fiscal 2016.
Hormel Foods (HRL) released its fiscal 3Q16 earnings on August 18. Around 27% of analysts rate Hormel a “buy,” ~64% rate it a “hold,” and 9% rate it a “sell.”
Along with its 3Q16 results, Hormel Foods (HRL) also announced the 352nd consecutive quarterly dividend at the annual rate of $0.58 per share.
Hormel Foods (HRL) increased its fiscal 2016 EPS (earnings per share) guidance to $1.60–$1.64. The earlier EPS guidance range was $1.56–$1.60.
Hormel Foods reported an operating profit of $275 million in fiscal 3Q16—an increase of 19% compared to fiscal 3Q15. Its operating margin rose to 11.9%.
Hormel Foods (HRL) operates through five segments. The Refrigerated Foods segment accounted for 45% of its total segmental operating profit in fiscal 3Q16.
In fiscal 3Q16, Hormel Foods (HRL) reported sales of $2.3 billion—an increase of 5% over fiscal 3Q15. Its revenue for fiscal 3Q15 was $2.19 billion.
Hormel Foods (HRL) reported fiscal 3Q16 net earnings of $195 million. This was an increase of 33% compared to net earnings of $146 million in fiscal 3Q15.
Hormel rose another 7% on August 22 and closed at $39.51. Hormel has risen 11% since the company’s last earnings report on May 18.
Stephens gave Sanderson Farm the highest target price of $108, respectively. This represents a 16% rise from the closing price of $93.17 on August 18.
Analysts expect Sanderson Farms’ adjusted EPS to be $2.25 in fiscal 3Q16—compared to 3Q15 EPS of $2.27. It represents a slight fall of 1%.
Sanderson Farms started off fiscal 2016 with declining revenue growth, but 2H16 looks positive. Analysts expect revenue to be $745 million for fiscal 3Q16.