Hormel Foods (HRL) to Release Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Hormel Foods to post earnings of $0.38 per share and revenue of $2.95 billion for the quarter. Hormel Foods has set its FY 2025 guidance at 1.580-1.720 EPS and its FY25 guidance at $1.58-1.72 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Hormel Foods (NYSE:HRL) last posted its earnings results on Wednesday, December 4th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.42 EPS. On average, analysts expect Hormel Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hormel Foods Price Performance

HRL stock opened at $29.17 on Tuesday. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.73 and a beta of 0.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.32 and a quick ratio of 1.19. The company has a 50 day simple moving average of $30.25 and a 200 day simple moving average of $31.12. Hormel Foods has a 1 year low of $28.03 and a 1 year high of $36.86.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HRL shares. Stephens reiterated an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a research note on Tuesday, February 18th. Citigroup lowered their target price on Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Finally, Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $31.17.

Insider Activity at Hormel Foods

In related news, VP Steven J. Lykken purchased 4,904 shares of Hormel Foods stock in a transaction on Friday, December 6th. The shares were purchased at an average price of $32.47 per share, for a total transaction of $159,232.88. Following the transaction, the vice president now owns 7,100 shares of the company’s stock, valued at approximately $230,537. This represents a 223.32 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

About Hormel Foods

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.