Hormel Foods Corporation

NYSE HRL

Data sourced from

and

Daily

Download Data

Hormel Foods Corporation Price to Earnings Ratio (P/E) on June 03, 2024: 47.21

Hormel Foods Corporation Price to Earnings Ratio (P/E) is 47.21 on June 03, 2024, a 98.89% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.

Hormel Foods Corporation 52-week high Price to Earnings Ratio (P/E) is 53.00 on May 28, 2024, which is 12.26% above the current Price to Earnings Ratio (P/E).
Hormel Foods Corporation 52-week low Price to Earnings Ratio (P/E) is 19.28 on October 24, 2023, which is -59.17% below the current Price to Earnings Ratio (P/E).
Hormel Foods Corporation average Price to Earnings Ratio (P/E) for the last 52 weeks is 27.02.

NYSE: HRL

Hormel Foods Corporation

CEO	Mr. James P. Snee
IPO Date	Jan. 2, 1990
Location	United States
Headquarters	1 Hormel Place, Austin, MN, United States, 55912-3680
Employees	20,000
Sector	Consumer Defensive
Industry	Packaged foods

Description

Hormel Foods Corporation develops, processes, and distributes various meat, nuts, and other food products to retail, foodservice, deli, and commercial customers in the United States and internationally. It operates through three segments: Retail, Foodservice, and International segments. The company provides various perishable products that include fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacons; and shelf-stable products comprising canned luncheon meats, nut butters, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others. It sells its products under the HORMEL, ALWAYS TENDER, APPLEGATE, AUSTIN BLUES, BACON 1, BLACK LABEL, BREAD READY, BURKE, CAFÉ H, CERATTI, CHI-CHI'S, COLUMBUS, COMPLEATS, CORN NUTS, CURE 81, DAN'S PRIZE, DI LUSSO, DINTY MOORE, DON MIGUEL, DOÑA MARIA, EMBASA, FAST "N EASY, FIRE BRAISED, FONTANINI, HAPPY LITTLE PLANTS, HERDEZ, HORMEL GATHERINGS, HORMEL SQUARE TABLE, HORMEL VITAL CUISINE, HOUSE OF TSANG, JENNIE-O, JUSTIN'S, LA VICTORIA, LAYOUT, LLOYD'S, MARY KITCHEN, MR. PEANUT, NATURAL CHOICE, NUT-RITION, OLD SMOKEHOUSE, OVEN READY, PILLOW PACK, PLANTERS, ROSA GRANDE, SADLER'S SMOKEHOUSE, SKIPPY, SPAM, SPECIAL RECIPE, THICK & EASY, VALLEY FRESH, AND WHOLLY brands through sales personnel, independent brokers, and distributors. The company was formerly known as Geo. A. Hormel & Company and changed its name to Hormel Foods Corporation in January 1995. Hormel Foods Corporation was founded in 1891 and is headquartered in Austin, Minnesota.

Key trends