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

Hormel Foods (NYSE:HRL) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.580-1.720 for the period, compared to the consensus earnings per share 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 Analysts Forecast Growth

A number of analysts have recently issued reports on HRL shares. 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 raised Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $31.00 target price on shares of Hormel Foods in a research report on Tuesday, February 18th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $31.17.

Hormel Foods Stock Up 0.7 %

Hormel Foods stock traded up $0.19 during midday trading on Friday, hitting $28.57. 1,205,220 shares of the stock were exchanged, compared to its average volume of 2,910,698. 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 company has a 50 day moving average price of $30.07 and a two-hundred day moving average price of $31.07. The firm has a market cap of $15.68 billion, a P/E ratio of 19.55, a P/E/G ratio of 2.73 and a beta of 0.26. Hormel Foods has a 1 year low of $27.59 and a 1 year high of $36.86.

Hormel Foods (NYSE:HRL) last issued its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 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 business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts predict that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Insider Transactions at Hormel Foods

In related news, VP Steven J. Lykken acquired 4,904 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was bought 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 in the company, valued at approximately $230,537. The trade was a 223.32 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.