Hormel Foods (HRL) to Release Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce 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.Parties interested in registering for the company's conference call can do so using this link.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.14 billion. Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $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 Trading Up 2.3 %

Shares of NYSE:HRL traded up $0.67 during mid-day trading on Friday, reaching $29.52. 956,767 shares of the company were exchanged, compared to its average volume of 2,777,814. 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 firm has a market cap of $16.21 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.70 and a beta of 0.26. The firm's 50-day simple moving average is $30.38 and its 200 day simple moving average is $31.17. Hormel Foods has a 1 year low of $28.03 and a 1 year high of $36.86.

Hormel Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Monday, January 13th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Hormel Foods's previous quarterly dividend of $0.28. Hormel Foods's dividend payout ratio (DPR) is presently 79.45%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HRL. Barclays raised shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of Hormel Foods from $36.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, November 19th. Finally, Stephens reaffirmed an "equal weight" rating and set a $31.00 price objective on shares of Hormel Foods in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.17.

Insiders Place Their Bets

In other Hormel Foods news, VP Steven J. Lykken bought 4,904 shares of Hormel Foods 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 acquisition, the vice president now directly owns 7,100 shares in the company, valued at $230,537. This represents a 223.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is 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.