Hormel Foods (NYSE:HRL) Announces Quarterly Earnings Results

Hormel Foods (NYSE:HRL - Get Free Report) issued its earnings results on Thursday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.02), Zacks reports. The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.95 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. Hormel Foods updated its FY 2025 guidance to 1.580-1.720 EPS.

Hormel Foods Stock Performance

Shares of NYSE HRL traded up $0.85 during midday trading on Monday, reaching $29.48. 3,583,341 shares of the stock were exchanged, compared to its average volume of 2,391,931. The company has a quick ratio of 1.19, a current ratio of 2.32 and a debt-to-equity ratio of 0.36. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.73 and a beta of 0.26. The firm has a 50-day simple moving average of $30.00 and a two-hundred day simple moving average of $31.04. Hormel Foods has a twelve month low of $27.59 and a twelve month high of $36.86.

Insider Activity at Hormel Foods

In other Hormel Foods 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 price 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 in the company, valued at approximately $230,537. This trade represents a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

Remove Ads

Analyst Ratings Changes

HRL has been the subject of a number of research reports. Citigroup decreased 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. Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $31.80.

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.