Hormel Foods (HRL) Expected to Post Earnings on Thursday

Hormel Foods (NYSE:HRL) is expected to issue its Q3 2026 results before the market opens on Thursday, August 27th. Analysts expect the company to announce earnings of $0.3541 per share and revenue of $3.0348 billion for the quarter. Investors may visit the the company’s upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Thursday, August 27, 2026 at 9:00 AM ET.

Hormel Foods (NYSE:HRL) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Hormel Foods had a net margin of 3.82% and a return on equity of 9.74%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter last year, the business earned $0.35 EPS. Hormel Foods’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, analysts expect Hormel Foods to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hormel Foods Stock Down 1.4%

Shares of NYSE HRL opened at $23.76 on Wednesday. The stock has a market capitalization of $13.08 billion, a PE ratio of 27.95, a P/E/G ratio of 2.77 and a beta of 0.34. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $24.88 and a 200-day moving average of $23.42. Hormel Foods has a 52-week low of $19.70 and a 52-week high of $29.10.

Wall Street Analyst Weigh In

HRL has been the topic of a number of research analyst reports. BNP Paribas Exane lifted their target price on Hormel Foods from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Hormel Foods from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $25.00 price objective on Hormel Foods in a report on Thursday, May 21st. Stephens reaffirmed an “equal weight” rating and issued a $25.00 price objective on shares of Hormel Foods in a research note on Thursday, July 9th. Finally, Bank of America boosted their target price on Hormel Foods from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.57.

Insider Activity at Hormel Foods

In related 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 transaction of $495,102.00. Following the transaction, the director owned 32,002 shares in the company, valued at approximately $784,369.02. The trade was a 38.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.58% of the company’s stock.

Institutional Trading of Hormel Foods

Large investors have recently added to or reduced their stakes in the stock. MUFG Securities EMEA plc acquired a new position in shares of Hormel Foods during the second quarter worth about $26,000. Strive Financial Group LLC purchased a new stake in shares of Hormel Foods during the 4th quarter valued at about $27,000. Motiv8 Investments LLC acquired a new position in Hormel Foods during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted 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 period. 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 currently owned by institutional investors and hedge funds.

About Hormel Foods

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.