Hormel Foods (NYSE:HRL – Get Free Report) announced its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02, FiscalAI reports. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.03 billion.
Hormel Foods Price Performance
NYSE HRL opened at $23.69 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.74 and a beta of 0.34. The business has a 50 day simple moving average of $24.87 and a 200 day simple moving average of $23.41. Hormel Foods has a 52-week low of $19.70 and a 52-week high of $29.10.
Trending Headlines about Hormel Foods
Here are the key news stories impacting Hormel Foods this week:
- Positive Sentiment: Hormel raised and narrowed its fiscal 2026 adjusted diluted EPS outlook to $1.45–$1.51, from a previous range of $1.40–$1.50. The midpoint is broadly in line with the $1.50 analyst consensus, suggesting improved confidence in underlying profitability. Hormel Foods Reports Third Quarter Fiscal 2026 Results
- Positive Sentiment: Operating cash flow increased 54% year over year to $240.6 million, while Foodservice sales grew 2%, indicating resilience in some channels. Hormel Foods Reports Third-Quarter Sales and EPS
- Neutral Sentiment: Hormel appointed former Tyson Foods executive Ash Bhumbla as chief financial officer. The leadership change could support financial and operational improvements, but its near-term earnings impact is unclear. Hormel Foods Names Former Tyson Executive CFO
- Negative Sentiment: Third-quarter net sales fell to $2.96 billion from $3.03 billion a year earlier and missed the approximately $3.03 billion consensus estimate. Retail sales declined 4% and International sales dropped 5%, reflecting weak volume. Hormel Foods Q3 Profit Declines on Weak Volume
- Negative Sentiment: Reported net earnings plunged to $59.6 million, or $0.11 per diluted share, from $183.7 million, or $0.33, a year earlier. Results included a $56 million Brazil divestiture loss, a $48 million Indonesia investment impairment, and a $38 million litigation settlement. Hormel Foods Reports Third-Quarter Sales and EPS
- Negative Sentiment: Fiscal 2026 revenue guidance was reduced to $12.1–$12.2 billion, versus the prior $12.2–$12.5 billion range, with the midpoint slightly below consensus. GAAP EPS guidance was set at $1.06–$1.12, signaling continued pressure from restructuring and special charges. Hormel Foods Cuts Sales Outlook
Analysts Set New Price Targets
Check Out Our Latest Research Report on HRL
Insiders Place Their Bets
In other Hormel Foods news, Director Gary C. Bhojwani sold 20,200 shares of Hormel Foods stock in a transaction on Wednesday, July 8th. The shares were 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. The trade was a 38.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in HRL. MUFG Securities EMEA plc bought a new stake in shares of Hormel Foods in the 2nd quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in Hormel Foods in the 4th quarter valued at $27,000. Motiv8 Investments LLC acquired a new position in shares of Hormel Foods in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its position in Hormel Foods by 354.7% during the fourth 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 bought a new stake in shares of Hormel Foods during the 4th quarter worth $35,000. Institutional investors and hedge funds 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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