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HRL

Hormel Foods Corporation

$30.5

Earnings Summary

Revenue
$2887.35Mn
Net Profits
$189.28Mn
Net Profit Margins
6.56%
PE Ratio
21.89

Highlights

Revenue:

Hormel Foods Corporation’s revenue fell -3.03% since last year same period to $2887.35Mn in the Q2 2024. On a quarterly growth basis, Hormel Foods Corporation has generated -3.66% fall in its revenue since last 3-months.

Net Profits:

Hormel Foods Corporation’s net profit fell -12.87% since last year same period to $189.28Mn in the Q2 2024. On a quarterly growth basis, Hormel Foods Corporation has generated -13.52% fall in its net profits since last 3-months.

Net Profit Margins:

Hormel Foods Corporation’s net profit margin fell -10.15% since last year same period to 6.56% in the Q2 2024. On a quarterly growth basis, Hormel Foods Corporation has generated -10.24% fall in its net profit margins since last 3-months.

PE Ratio:

Hormel Foods Corporation’s price-to-earnings ratio after this Q2 2024 earnings stands at 21.89.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Hormel Foods Corporation post its latest quarter earnings

EPS Estimate Current Quarter
0.36
EPS Estimate Current Year
0.36

Highlights

EPS Estimate Current Quarter:

Hormel Foods Corporation’s earning per share (EPS) estimates for the current quarter stand at 0.36 - a 0% jump from last quarter’s estimates.

EPS Estimate Current Year:

Hormel Foods Corporation’s earning per share (EPS) estimates for the current year stand at 0.36.

Key Ratios

Key ratios of the Hormel Foods Corporation post its Q2 2024 earnings

Earning Per Share (EPS)
0.38
Return on Assets (ROA)
0.05
Return on Equity (ROE)
0.1
Dividend Per Share (DPS)
0.28

Highlights

Earning Per Share (EPS):

Hormel Foods Corporation’s earning per share (EPS) fell -5% since last year same period to 0.38 in the Q2 2024. This indicates that the Hormel Foods Corporation has generated -5% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Hormel Foods Corporation’s return on assets (ROA) stands at 0.05.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Hormel Foods Corporation’s return on equity (ROE) stands at 0.1.

Dividend Per Share (DPS):

Hormel Foods Corporation declared 0.28 dividend per share during the earnings announcement for Q2 2024.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-05-30
0.36
0.38
5.56%
2024-02-29
0.33
0.41
24.24%