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

Hormel Foods (NYSE:HRL - Get Free Report) 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.Parties interested in registering for the company's conference call can do so using this link.

Hormel Foods (NYSE:HRL - Get Free Report) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.42 earnings per share (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 company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company'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 Performance

Shares of HRL stock traded down $0.66 during trading hours on Wednesday, reaching $28.77. The stock had a trading volume of 2,722,828 shares, compared to its average volume of 2,864,578. 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 50-day simple moving average of $30.19 and a 200-day simple moving average of $31.10. The firm has a market capitalization of $15.79 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 2.73 and a beta of 0.26. Hormel Foods has a twelve month low of $28.03 and a twelve month high of $36.86.

Wall Street Analysts Forecast Growth

HRL has been the subject of a number of research analyst reports. Barclays raised shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 22nd. Stephens restated an "equal weight" rating and set a $31.00 price objective on shares of Hormel Foods in a report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Hormel Foods from $36.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $31.17.

Insiders Place Their Bets

In other news, VP Steven J. Lykken purchased 4,904 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was purchased at an average cost of $32.47 per share, with a total value of $159,232.88. Following the acquisition, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.72% of the company's stock.

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.