Hormel Foods (NYSE:HRL) Issues FY25 Earnings Guidance

Hormel Foods (NYSE:HRL) updated its FY25 earnings guidance on Wednesday. The company provided EPS guidance of $1.58-1.72 for the period, compared to the consensus EPS estimate of $1.68. The company issued revenue guidance of $11.9-12.2 billion, compared to the consensus revenue estimate of $12.18 billion. Hormel Foods also updated its FY 2025 guidance to 1.580-1.720 EPS.

Analyst Ratings Changes

A number of analysts recently commented on HRL shares. BNP Paribas started coverage on Hormel Foods in a research note on Monday, October 21st. They set an “underperform” rating and a $28.00 price objective on the stock. Stephens began coverage on shares of Hormel Foods in a report on Thursday, October 3rd. They set an “equal weight” rating and a $31.00 price target for the company. Finally, Citigroup reduced their price objective on shares of Hormel Foods from $36.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.29.

Hormel Foods Trading Down 1.0 %

NYSE:HRL opened at $31.81 on Wednesday. The business’s 50-day moving average is $31.03 and its two-hundred day moving average is $31.52. The firm has a market capitalization of $17.44 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 3.42 and a beta of 0.26. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.29 and a quick ratio of 1.03. Hormel Foods has a 12 month low of $28.51 and a 12 month high of $36.86.

Hormel Foods (NYSE:HRL) last announced its 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 net margin of 6.52% and a return on equity of 11.03%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter last year, the company posted $0.42 earnings per share. Hormel Foods’s revenue for the quarter was down 1.9% compared to the same quarter last year. Research analysts predict that Hormel Foods will post 1.58 earnings per share for the current fiscal year.

Hormel Foods Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, January 13th. This is an increase from Hormel Foods’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.65%. Hormel Foods’s payout ratio is currently 79.58%.

Insider Activity

In other Hormel Foods news, EVP Deanna T. Brady sold 51,600 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $31.95, for a total transaction of $1,648,620.00. Following the completion of the sale, the executive vice president now owns 72,421 shares in the company, valued at $2,313,850.95. The trade was a 41.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin L. Myers sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $32.70, for a total transaction of $327,000.00. Following the completion of the transaction, the senior vice president now owns 39,050 shares in the company, valued at approximately $1,276,935. The trade was a 20.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 71,400 shares of company stock worth $2,288,338. 0.69% of the stock is currently owned by insiders.

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.