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

Hormel Foods (NYSE:HRL) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.580-1.720 for the period, compared to the consensus earnings per share estimate of 1.680. The company issued revenue guidance of $11.9 billion-$12.2 billion, compared to the consensus revenue estimate of $12.3 billion. Hormel Foods also updated its FY25 guidance to $1.58-1.72 EPS.

Wall Street Analysts Forecast Growth

HRL has been the topic of a number of recent research reports. Stephens initiated coverage on Hormel Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $31.00 price objective on the stock. BNP Paribas assumed coverage on Hormel Foods in a report on Monday, October 21st. They set an “underperform” rating and a $28.00 price objective on the stock. Finally, Citigroup reduced their price target on Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.29.

Hormel Foods Trading Down 1.0 %

NYSE HRL opened at $31.81 on Wednesday. The stock’s 50 day moving average is $31.03 and its 200 day moving average is $31.52. The firm has a market capitalization of $17.44 billion, a PE ratio of 22.40, a P/E/G ratio of 3.42 and a beta of 0.26. Hormel Foods has a twelve month low of $28.51 and a twelve month high of $36.86. The company has a quick ratio of 1.03, a current ratio of 2.29 and a debt-to-equity ratio of 0.36.

Hormel Foods (NYSE:HRL) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Hormel Foods had a return on equity of 11.03% and a net margin of 6.52%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts forecast that Hormel Foods will post 1.58 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Monday, January 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, January 13th. This is a positive change from Hormel Foods’s previous quarterly dividend of $0.28. Hormel Foods’s payout ratio is currently 79.58%.

Insider Buying and Selling at Hormel Foods

In related news, EVP Deanna T. Brady sold 51,600 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $31.95, for a total value of $1,648,620.00. Following the sale, the executive vice president now directly owns 72,421 shares in the company, valued at approximately $2,313,850.95. The trade was a 41.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Steven J. Lykken sold 9,800 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $31.91, for a total value of $312,718.00. Following the completion of the sale, the vice president now owns 30,589 shares in the company, valued at $976,094.99. This represents a 24.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,400 shares of company stock valued at $2,288,338. Company insiders own 0.69% 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.