Hormel Foods (HRL) Expected to Announce Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL) is expected to be releasing its earnings data 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings data on Wednesday, December 4th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.14 billion. Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.42 earnings per share. 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 Up 0.6 %

Shares of NYSE HRL opened at $29.42 on Wednesday. The stock has a market cap of $16.15 billion, a P/E ratio of 20.15, a PEG ratio of 2.73 and a beta of 0.26. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Hormel Foods has a 12-month low of $28.03 and a 12-month high of $36.86. The business’s fifty day simple moving average is $30.19 and its 200-day simple moving average is $31.10.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HRL. Citigroup reduced their price objective on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Stephens reiterated an “equal weight” rating and issued a $31.00 price objective on shares of Hormel Foods in a research note on Tuesday, February 18th. Finally, Barclays upgraded 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.17.

Insider Buying and Selling at Hormel Foods

In other Hormel Foods news, VP Steven J. Lykken purchased 4,904 shares of the business’s stock in a transaction on 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 completion of the purchase, the vice president now directly owns 7,100 shares in the company, valued at approximately $230,537. This represents a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.

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.