Hillshire Brands (NYSE:HSH) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of Hillshire Brands (NYSE:HSH) opened at 32.66 on Thursday. Hillshire Brands has a one year low of $26.60 and a one year high of $37.28. The stock has a 50-day moving average of $32.00 and a 200-day moving average of $33.16. The company has a market cap of $4.018 billion and a P/E ratio of 17.78.
Hillshire Brands (NYSE:HSH) last announced its earnings results on Thursday, October 31st. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $984.00 million for the quarter, compared to the consensus estimate of $959.65 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that Hillshire Brands will post $1.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 8th. Investors of record on Monday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.14%. The ex-dividend date is Wednesday, November 27th.
HSH has been the subject of a number of other recent research reports. Analysts at DA Davidson cut their price target on shares of Hillshire Brands from $35.00 to $25.00 in a research note to investors on Friday, November 1st. Finally, analysts at Zacks downgraded shares of Hillshire Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $29.30 price target on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.08.
The Hillshire Brands Company (NYSE:HSH), formerly Sara Lee Corporation, is a meat-centric food solutions company.
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