Hormel Foods (NYSE:HRL – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, September 4th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Hormel Foods has set its FY 2024 guidance at 1.550-1.650 EPS and its FY24 guidance at $1.55-1.65 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Hormel Foods (NYSE:HRL – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Hormel Foods had a return on equity of 11.31% and a net margin of 6.37%. Hormel Foods’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.40 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 Stock Performance
Shares of HRL stock opened at $32.21 on Wednesday. Hormel Foods has a 12 month low of $28.51 and a 12 month high of $40.12. The firm has a market capitalization of $17.66 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 3.11 and a beta of 0.24. The firm has a fifty day simple moving average of $31.38 and a two-hundred day simple moving average of $32.74. The company has a current ratio of 1.73, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36.
Wall Street Analysts Forecast Growth
View Our Latest Report on Hormel Foods
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.
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