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

Hormel Foods (NYSE:HRL) issued an update on its FY 2026 earnings guidance on Thursday. The company provided 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HRL. Bank of America lifted their price target on Hormel Foods from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Weiss Ratings upgraded Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. BNP Paribas Exane increased their price objective on Hormel Foods from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Stephens reissued an “equal weight” rating and set a $25.00 price objective on shares of Hormel Foods in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. boosted their target price 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. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hormel Foods currently has a consensus rating of “Hold” and a consensus price target of $26.57.

Hormel Foods Stock Down 0.4%

Shares of NYSE:HRL opened at $23.69 on Thursday. The stock has a fifty day simple moving average of $24.87 and a two-hundred day simple moving average of $23.41. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 27.87, a PEG ratio of 2.74 and a beta of 0.34. Hormel Foods has a 12-month low of $19.70 and a 12-month high of $29.10. 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 (NYSE:HRL) last released its earnings results on Wednesday, August 26th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Hormel Foods had a return on equity of 9.74% and a net margin of 3.82%.The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.03 billion. On average, research analysts anticipate that Hormel Foods will post 1.5 earnings per share for the current fiscal year.

Insider Transactions at Hormel Foods

In related news, Director Gary C. Bhojwani sold 20,200 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $24.51, for a total value of $495,102.00. Following the transaction, the director owned 32,002 shares in the company, valued at $784,369.02. The trade was a 38.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MUFG Securities EMEA plc bought a new position in shares of Hormel Foods in the second quarter worth approximately $26,000. Strive Financial Group LLC bought a new stake in shares of Hormel Foods during the fourth quarter valued at approximately $27,000. Motiv8 Investments LLC bought a new stake in shares of Hormel Foods during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its holdings in Hormel Foods by 354.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,314 shares of the company’s stock worth $31,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Ankerstar Wealth LLC purchased a new position in Hormel Foods in the 4th quarter worth approximately $35,000. 40.99% of the stock is owned by hedge funds and other institutional investors.

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.