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

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on HRL shares. Stephens reaffirmed an “equal weight” rating and issued a $31.00 price objective on shares of Hormel Foods in a research note on Tuesday, February 18th. Citigroup dropped their price target on Hormel Foods from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Finally, Barclays upgraded shares of Hormel Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $31.17.

Hormel Foods Price Performance

Shares of NYSE:HRL traded up $0.19 on Friday, hitting $28.57. The company had a trading volume of 1,205,220 shares, compared to its average volume of 2,910,698. The company has a market cap of $15.68 billion, a PE ratio of 19.55, a PEG ratio of 2.73 and a beta of 0.26. The business has a 50 day moving average of $30.07 and a 200 day moving average of $31.07. Hormel Foods has a 52-week low of $27.59 and a 52-week high of $36.86. 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 (NYSE:HRL) last released its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. Hormel Foods had a return on equity of 10.95% and a net margin of 6.75%. Hormel Foods’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 earnings per share. As a group, equities analysts anticipate that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Steven J. Lykken acquired 4,904 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average cost of $32.47 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

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.