Goldman Sachs Reiterates Sell Rating on Hormel Foods (HRL)

Hormel Foods (HRL) PT Lowered to $30 at BofA Securities, 'weaker top-line expectations'

BofA Securities analyst Peter Galbo lowered the price target on Hormel Foods (NYSE: HRL) to $30.00 (from $32.00) while maintaining a Underperform rating.

The analyst comments "Hormel Foods (HRL) reported 3Q24 adj EPS of $0.37 in line with BofAe/Street. However, sales, volumes and operating income/margins... More

Increasing unusual put option volume: HRL EMB PSNY CNC TAP DLTR DKS VTRS BIG ASAN LUNR SBLK

Increasing unusual put option volume: HRL EMB PSNY CNC TAP DLTR DKS VTRS BIG ASAN LUNR SBLK

Hormel Foods cuts annual sales forecast on lower turkey prices

(Reuters) - Skippy peanut butter maker Hormel Foods cut its annual sales forecast on Wednesday, hurt by lower commodity prices and a production disruption at its Planters brand manufacturing facility in Virginia.

Hormel's shares were down about 5% in premarket trading. The company also missed market expectations for third-quarter sales and narrowed its annual adjusted profit target.

Lower commodity prices for high-volume export products such as turkey and fresh pork have weighed... More

Hormel Foods (HRL) Tops Q3 EPS by 1c; revises outlook

Hormel Foods (NYSE: HRL) reported Q3 EPS of $0.37, $0.01 better than the analyst estimate of $0.36. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.96 billion.

GUIDANCE:

Hormel Foods sees FY2024 EPS of $1.57-$1.63, versus the consensus of... More

Hormel Foods (HRL) September weekly option implied volatility elevated into quarter results

Hormel Foods (NYSE: HRL) September weekly call option implied volatility is at 77, September is at 38; compared to its 52-week range of 15 to 32 into the expected release of quarter results before the bell on September 4.

Increasing unusual put option volume: SNY BKR TER LUNR HRL AZUL SILV ASAN MT PSNY CPRT HL

Increasing unusual put option volume: SNY BKR TER LUNR HRL AZUL SILV ASAN MT PSNY CPRT HL

Hormel Foods (HRL) September 6 weekly 32.50 straddle into quarter results

Hormel Foods (NYSE: HRL) September 6 weekly 32.50 straddle priced for a move of 6% into the expected release of quarter results before the bell on September 4.

Hormel Foods (HRL) September 6 weekly 32.50 straddle into quarter results

Hormel Foods (NYSE: HRL) September 6 weekly 32.50 straddle priced for a move of 6% into the expected release of quarter results before the bell on September 4.