Hormel Foods (HRL) to Release Earnings on Thursday

Key Points

• Hormel Foods is expected to report fiscal Q3 2026 results before market open on Thursday, August 27. Analysts forecast earnings of $0.3541 per share and revenue of $3.0416 billion.
• In its prior quarter, Hormel earned $0.40 per share, exceeding estimates by $0.05, while revenue rose 2.6% year over year to $2.97 billion.
• HRL shares recently traded at $24.43, and Wall Street maintains a predominantly “Hold” view, with an average price target of $26.57 from two Buy and seven Hold ratings.

Hormel Foods (NYSE:HRL - Get Free Report) will likely be releasing its Q3 2026 results before the market opens on Thursday, August 27th. Analysts expect Hormel Foods to announce earnings of $0.3541 per share and revenue of $3.0416 billion for the quarter. Parties can check the company's upcoming Q3 2026 earning report page for the latest details on the call scheduled for Thursday, August 27, 2026 at 9:00 AM ET.

Hormel Foods (NYSE:HRL - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.05. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $2.96 billion. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. On average, analysts expect Hormel Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hormel Foods Price Performance

Hormel Foods stock opened at $24.43 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $13.44 billion, a P/E ratio of 28.74, a PEG ratio of 2.80 and a beta of 0.34. The business has a 50-day moving average of $24.94 and a 200-day moving average of $23.45. Hormel Foods has a 1 year low of $19.70 and a 1 year high of $29.34.

Insider Activity at Hormel Foods

In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $24.51, for a total transaction of $495,102.00. Following the completion of the transaction, the director owned 32,002 shares in the company, valued at approximately $784,369.02. This represents a 38.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. MUFG Securities EMEA plc bought a new stake in Hormel Foods in the 2nd quarter valued at approximately $26,000. Strive Financial Group LLC bought a new stake in shares of Hormel Foods in the fourth quarter worth $27,000. Motiv8 Investments LLC acquired a new position in Hormel Foods during the fourth quarter worth $28,000. Parkside Financial Bank & Trust boosted its holdings in Hormel Foods by 354.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company's stock worth $31,000 after purchasing an additional 1,025 shares during the last quarter. Finally, Ankerstar Wealth LLC bought a new position in Hormel Foods in the fourth quarter valued at $35,000. 40.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HRL has been the topic of several recent analyst reports. Weiss Ratings raised shares of Hormel Foods from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Stephens reaffirmed an "equal weight" rating and issued a $25.00 target price on shares of Hormel Foods in a research note on Thursday, July 9th. BNP Paribas Exane lifted their price target on shares of Hormel Foods from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. boosted their price target on shares of Hormel Foods from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Friday, August 14th. Finally, The Goldman Sachs Group set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Hormel Foods has an average rating of "Hold" and an average target price of $26.57.

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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