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

Key Points

• Hormel Foods updated its FY 2025 earnings guidance, projecting EPS between 1.430-1.450, significantly lower than the consensus estimate of 1.600.
• The company also issued Q4 2025 EPS guidance of 0.380-0.400 and noted that it had a market cap of $15.96 billion.
• Recent analyst ratings have varied, with BNP Paribas upgrading the stock from "strong sell" to "hold", while others have set target prices ranging from $30.00 to $35.00.

Hormel Foods (NYSE:HRL - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.430-1.450 for the period, compared to the consensus estimate of 1.600. The company issued revenue guidance of -, compared to the consensus revenue estimate of $12.1 billion. Hormel Foods also updated its Q4 2025 guidance to 0.380-0.400 EPS.

Wall Street Analyst Weigh In

HRL has been the topic of several analyst reports. BNP Paribas upgraded Hormel Foods from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Stephens reaffirmed an "equal weight" rating and set a $31.00 target price on shares of Hormel Foods in a research report on Thursday, May 22nd. The Goldman Sachs Group initiated coverage on Hormel Foods in a research note on Monday, June 23rd. They set a "buy" rating and a $35.00 price target for the company. BNP Paribas Exane upgraded Hormel Foods from an "underperform" rating to a "neutral" rating and set a $30.00 target price for the company in a research note on Tuesday, May 27th. Finally, JPMorgan Chase & Co. raised Hormel Foods from a "neutral" rating to an "overweight" rating and raised their price target for the company from $29.00 to $34.00 in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Hormel Foods presently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Hormel Foods Trading Up 0.9%

Shares of NYSE:HRL opened at $29.02 on Thursday. The company has a market cap of $15.96 billion, a P/E ratio of 21.33, a PEG ratio of 3.27 and a beta of 0.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.47 and a quick ratio of 1.17. Hormel Foods has a 1 year low of $27.59 and a 1 year high of $33.80. The stock's fifty day moving average price is $29.42 and its 200-day moving average price is $29.67.

Hormel Foods (NYSE:HRL - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported $0.35 earnings per share for the quarter, meeting analysts' consensus estimates of $0.35. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. Hormel Foods had a return on equity of 10.20% and a net margin of 6.27%.Hormel Foods's revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. Sell-side analysts expect that Hormel Foods will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On Hormel Foods

Institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. lifted its stake in shares of Hormel Foods by 17.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,510,409 shares of the company's stock worth $45,690,000 after acquiring an additional 220,696 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Hormel Foods by 84.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,506,263 shares of the company's stock worth $45,564,000 after acquiring an additional 690,398 shares in the last quarter. Bank of America Corp DE raised its position in shares of Hormel Foods by 57.7% in the 2nd quarter. Bank of America Corp DE now owns 1,415,786 shares of the company's stock worth $42,828,000 after acquiring an additional 517,841 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Hormel Foods by 11.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 622,773 shares of the company's stock valued at $18,839,000 after purchasing an additional 63,300 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Hormel Foods by 23.2% in the 2nd quarter. Alliancebernstein L.P. now owns 538,717 shares of the company's stock valued at $16,296,000 after purchasing an additional 101,588 shares during the last quarter. 40.99% of the stock is owned by institutional investors.

Hormel Foods Company Profile

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.

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