Hormel Foods (HRL) to Release Quarterly Earnings on Thursday

Hormel Foods (NYSE:HRL) will likely be issuing 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 that are interested in participating in the company’s conference call can do so using this link.

Hormel Foods (NYSE:HRL) last issued its earnings results 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 return on equity of 10.95% and a net margin of 6.75%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business earned $0.42 earnings per share. Hormel Foods’s revenue for the quarter was down 1.9% on a year-over-year basis. 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 Price Performance

Shares of HRL opened at $28.56 on Thursday. Hormel Foods has a 12-month low of $28.03 and a 12-month high of $36.86. The business’s fifty day moving average is $30.55 and its 200 day moving average is $31.20. 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 stock has a market cap of $15.68 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.69 and a beta of 0.26.

Hormel Foods Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Monday, January 13th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, January 13th. This is a boost from Hormel Foods’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 4.06%. Hormel Foods’s dividend payout ratio (DPR) is 79.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup dropped their price objective on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Stephens reaffirmed an “equal weight” rating and set a $31.00 target price on shares of Hormel Foods in a research report on Tuesday. Finally, Barclays raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.17.

Insider Buying and Selling at Hormel Foods

In related news, VP Steven J. Lykken bought 4,904 shares of Hormel Foods stock in a transaction on Friday, December 6th. The stock was acquired at an average price 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 $230,537. This represents a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.