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

Hormel Foods (NYSE:HRL) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.430-1.510 for the period, compared to the consensus estimate of 1.450. The company issued revenue guidance of $12.2 billion-$12.5 billion, compared to the consensus revenue estimate of $12.3 billion.

Hormel Foods Stock Performance

HRL stock traded up $2.64 during trading hours on Thursday, reaching $23.60. The stock had a trading volume of 11,287,558 shares, compared to its average volume of 4,892,071. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.66 and a quick ratio of 1.37. Hormel Foods has a fifty-two week low of $19.70 and a fifty-two week high of $31.86. The stock has a 50-day simple moving average of $21.39 and a 200 day simple moving average of $22.96. The stock has a market capitalization of $12.99 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.87 and a beta of 0.33.

Hormel Foods (NYSE:HRL) last posted its earnings results on Wednesday, May 27th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. Hormel Foods had a return on equity of 9.38% and a net margin of 4.03%.The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. Analysts predict that Hormel Foods will post 1.41 EPS for the current fiscal year.

Hormel Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, July 13th will be issued a dividend of $0.2925 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.0%. Hormel Foods’s payout ratio is presently 131.46%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HRL shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $23.00 target price (down from $28.00) on shares of Hormel Foods in a report on Thursday, April 9th. Stephens set a $22.00 price target on Hormel Foods and gave the company an “equal weight” rating in a research note on Thursday, May 21st. The Goldman Sachs Group set a $25.00 price target on Hormel Foods in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Hormel Foods in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.33.

Hormel Foods News Roundup

Here are the key news stories impacting Hormel Foods this week:

• Positive Sentiment: Hormel beat fiscal Q2 expectations, reporting adjusted EPS of $0.40 versus the $0.35 consensus and revenue of $2.97 billion versus $2.96 billion expected, signaling stronger-than-anticipated demand. Reuters: Hormel Foods tops quarterly estimates on strong demand for protein-rich foods
• Positive Sentiment: Management said consumers are trading into affordable protein and convenience foods, with Retail, Foodservice, and International segments all showing profit growth, supporting the view that margins and demand are improving. Benzinga: Hormel Says Consumers Are Trading Into Affordable Protein And Convenience Foods
• Positive Sentiment: Hormel reaffirmed fiscal 2026 adjusted EPS guidance of $1.43 to $1.51 and sales guidance of $12.2 billion to $12.5 billion, easing concerns that the quarter’s results were a one-off. PR Newswire: HORMEL FOODS REPORTS STRONG SECOND QUARTER FISCAL 2026 RESULTS
• Neutral Sentiment: The company also lowered GAAP EPS guidance to reflect a loss on the sale of its whole-bird turkey business, but investors appear to be focusing more on the unchanged adjusted earnings outlook and operating improvement. Reuters: Hormel Foods tops quarterly estimates on strong demand for protein-rich foods

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc acquired a new position in Hormel Foods in the second quarter valued at about $26,000. Strive Financial Group LLC acquired a new position in Hormel Foods in the fourth quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in Hormel Foods in the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in Hormel Foods by 354.7% in 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 acquired a new position in Hormel Foods in the fourth quarter valued at about $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.