Hormel Foods (NYSE:HRL) Issues Earnings Results, Misses Expectations By $0.02 EPS

Hormel Foods (NYSE:HRL - Get Free Report) released its quarterly earnings data 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. Hormel Foods had a net margin of 6.75% and a return on equity of 10.95%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.95 billion. Hormel Foods updated its FY 2025 guidance to 1.580-1.720 EPS.

Hormel Foods Price Performance

HRL traded up $0.85 on Monday, reaching $29.48. The company had a trading volume of 3,583,341 shares, compared to its average volume of 2,391,931. The company has a fifty day moving average of $30.00 and a 200-day moving average of $31.04. The company has a market capitalization of $16.18 billion, a P/E ratio of 20.19, 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 one year low of $27.59 and a one year high of $36.86.

Insiders Place Their Bets

In other news, VP Steven J. Lykken purchased 4,904 shares of the firm's stock in a transaction 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 purchase, the vice president now owns 7,100 shares in the company, valued at $230,537. This trade represents a 223.32 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HRL shares. Citigroup lowered their price target 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. Barclays upgraded shares of Hormel Foods from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. Finally, Stephens restated an "equal weight" rating and issued a $31.00 price target 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 given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $31.80.

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.