Hormel Foods (NYSE:HRL) Releases FY 2025 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.580-1.720 for the period, compared to the consensus estimate of 1.640. The company issued revenue guidance of $11.9 billion-$12.2 billion, compared to the consensus revenue estimate of $12.1 billion.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Stephens reiterated an “equal weight” rating and issued a $31.00 price target on shares of Hormel Foods in a research note on Tuesday, February 18th. Finally, Citigroup cut their price target on Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.17.

Hormel Foods Trading Up 0.7 %

Shares of HRL stock opened at $28.58 on Friday. Hormel Foods has a 52-week low of $27.59 and a 52-week high of $36.86. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 2.32. The firm has a market capitalization of $15.69 billion, a PE ratio of 19.57, a PEG ratio of 2.73 and a beta of 0.26. The stock has a fifty day simple moving average of $30.00 and a two-hundred day simple moving average of $31.05.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $3.14 billion for 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 company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. On average, analysts predict that Hormel Foods will post 1.65 EPS for the current fiscal year.

Insider Activity

In other news, VP Steven J. Lykken acquired 4,904 shares of the business’s stock in a transaction dated 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 completion of the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

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.