Hormel Foods (HRL) to Release Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL) is projected to post 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 register for the company’s earnings conference call can do so using this link.

Hormel Foods (NYSE:HRL) last announced its quarterly 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). Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. 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 Stock Down 1.6 %

Hormel Foods stock opened at $29.17 on Tuesday. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.73 and a beta of 0.26. The firm’s fifty day moving average price is $30.25 and its two-hundred day moving average price is $31.12. Hormel Foods has a 1-year low of $28.03 and a 1-year high of $36.86. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36.

Insider Transactions at Hormel Foods

In other Hormel Foods news, VP Steven J. Lykken bought 4,904 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $32.47 per share, for a total transaction of $159,232.88. Following the purchase, the vice president now directly owns 7,100 shares of the company’s stock, valued at approximately $230,537. This trade represents a 223.32 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stephens reaffirmed an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a research report on Tuesday, February 18th. Citigroup dropped their target price on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, Barclays upgraded Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $31.17.

Hormel Foods Company Profile

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.