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

Hormel Foods (NYSE:HRL) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.430-1.510 for the period, compared to the consensus estimate of 1.460. The company issued revenue guidance of $12.2 billion-$12.5 billion, compared to the consensus revenue estimate of $12.4 billion.

Hormel Foods Stock Down 2.1%

Shares of HRL opened at $25.27 on Thursday. The company’s 50-day simple moving average is $24.18 and its 200-day simple moving average is $24.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.20 and a current ratio of 2.47. Hormel Foods has a 1 year low of $21.03 and a 1 year high of $32.07. The stock has a market capitalization of $13.90 billion, a PE ratio of 29.04, a P/E/G ratio of 2.62 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last announced its earnings results on Thursday, February 26th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. Hormel Foods had a net margin of 3.95% and a return on equity of 9.41%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.07 billion. Hormel Foods has set its FY 2026 guidance at 1.430-1.510 EPS. Analysts forecast that Hormel Foods will post 1.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler reiterated a “neutral” rating and issued a $26.00 target price (up from $25.00) on shares of Hormel Foods in a report on Friday, December 5th. Barclays set a $30.00 price target on Hormel Foods and gave the company an “overweight” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Hormel Foods in a research note on Thursday, January 22nd. Bank of America upped their target price on shares of Hormel Foods from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Stephens reduced their target price on shares of Hormel Foods from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.43.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HRL. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of Hormel Foods in the 3rd quarter worth $211,000. EverSource Wealth Advisors LLC increased its stake in shares of Hormel Foods by 214.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,731 shares of the company’s stock worth $143,000 after acquiring an additional 3,226 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of Hormel Foods during the third quarter worth about $73,000. UMB Bank n.a. lifted its stake in shares of Hormel Foods by 172.2% in the fourth quarter. UMB Bank n.a. now owns 3,100 shares of the company’s stock valued at $73,000 after purchasing an additional 1,961 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Hormel Foods during the third quarter worth about $64,000. 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.