Hormel Foods (NYSE:HRL) Issues FY 2026 Earnings Guidance

Key Points

• Hormel Foods issued FY 2026 guidance for EPS of $1.45–$1.51 and revenue of $12.1–$12.2 billion, broadly in line with analyst expectations.
• The company’s latest quarterly results beat EPS estimates, reporting $0.37 per share versus the $0.35 consensus, though revenue of $2.96 billion fell short of the $3.03 billion estimate.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $26.57; shares opened at $23.69, while a director recently sold 20,200 shares.

Hormel Foods (NYSE:HRL - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.450-1.510 for the period, compared to the consensus earnings per share estimate of 1.500. The company issued revenue guidance of $12.1 billion-$12.2 billion, compared to the consensus revenue estimate of $12.2 billion.

Analyst Ratings Changes

HRL has been the subject of a number of recent research reports. Bank of America boosted their target price on Hormel Foods from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, June 30th. Stephens restated an "equal weight" rating and set a $25.00 price target on shares of Hormel Foods in a research report on Thursday, July 9th. JPMorgan Chase & Co. lifted their price target on Hormel Foods from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Friday, August 14th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a research report on Thursday, May 21st. Finally, BNP Paribas Exane raised their target price on shares of Hormel Foods from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $26.57.

Hormel Foods Stock Performance

Shares of NYSE:HRL opened at $23.69 on Thursday. The company has a market cap of $13.04 billion, a price-to-earnings ratio of 27.87, a price-to-earnings-growth ratio of 2.74 and a beta of 0.34. The company has a 50-day moving average price of $24.87 and a 200-day moving average price of $23.41. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. Hormel Foods has a 12 month low of $19.70 and a 12 month high of $29.10.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its earnings results on Wednesday, August 26th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.03 billion. As a group, equities analysts anticipate that Hormel Foods will post 1.5 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gary C. Bhojwani sold 20,200 shares of Hormel Foods stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total value of $495,102.00. Following the sale, the director directly owned 32,002 shares in the company, valued at approximately $784,369.02. This trade represents a 38.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.58% of the company's stock.

Institutional Trading of Hormel Foods

Large investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc bought a new position in Hormel Foods in the 2nd quarter worth $26,000. Strive Financial Group LLC purchased a new stake in shares of Hormel Foods in the 4th quarter worth about $27,000. Motiv8 Investments LLC bought a new stake in shares of Hormel Foods during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust boosted its stake in shares of Hormel Foods by 354.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company's stock valued at $31,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Ankerstar Wealth LLC purchased a new position in shares of Hormel Foods during the fourth quarter valued at about $35,000. Institutional investors own 40.99% of the company's stock.

Hormel Foods Company Profile

Hormel Foods Corporation is a global branded foods company primarily engaged in the production, marketing and distribution of value-added, high-quality meat and food products. The company's portfolio spans a range of categories including refrigerated and frozen meats, pantry staples, specialty foods and shelf-stable items. Through manufacturing facilities located across North America and international markets, Hormel Foods supplies retail grocers, foodservice operators, convenience stores and e-commerce platforms.

Among its best-known brands, Hormel Foods produces SPAM® canned meats, Jennie-O® turkey products, Skippy® peanut butter and Applegate® natural and organic meats.

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