Hormel Foods (HRL) Projected to Release Earnings on Thursday

Hormel Foods (NYSE:HRL) will likely be announcing its Q3 2026 results before the market opens on Thursday, August 27th. Analysts expect the company to post earnings of $0.3541 per share and revenue of $3.0348 billion for the quarter. Investors can find conference call details on the company’s upcoming Q3 2026 earning report page for the latest details on the call scheduled for Thursday, August 27, 2026 at 9:00 AM ET.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. 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 Trading Up 0.8%

NYSE HRL opened at $24.06 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 2.75 and a beta of 0.34. The firm has a 50 day simple moving average of $24.90 and a 200-day simple moving average of $23.43. Hormel Foods has a one year low of $19.70 and a one year high of $29.18.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HRL shares. Stephens reiterated an “equal weight” rating and set a $25.00 target price on shares of Hormel Foods in a report on Thursday, July 9th. The Goldman Sachs Group set a $25.00 price target on shares of Hormel Foods in a research note on Thursday, May 21st. Bank of America upped their price objective on Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 30th. BNP Paribas Exane increased their price objective on Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their target price on Hormel Foods from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Hormel Foods has a consensus rating of “Hold” and an average price target of $26.57.

Insiders Place Their Bets

In related news, Director Gary C. Bhojwani sold 20,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the sale, the director owned 32,002 shares of the company’s stock, valued at $784,369.02. This trade represents a 38.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hormel Foods

A number of large investors have recently modified their holdings of the company. MUFG Securities EMEA plc acquired a new stake in shares of Hormel Foods in the 2nd quarter valued at $26,000. Strive Financial Group LLC acquired a new position in shares of Hormel Foods during the fourth quarter worth $27,000. Motiv8 Investments LLC purchased a new position in Hormel Foods in the fourth quarter valued at $28,000. Parkside Financial Bank & Trust increased its holdings in Hormel Foods by 354.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock valued at $31,000 after buying an additional 1,025 shares during the last quarter. Finally, Ankerstar Wealth LLC purchased a new position in Hormel Foods in the fourth quarter valued at $35,000. 40.99% of the stock is owned by hedge funds and other institutional investors.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company’s portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.