Tootsie Roll Industries (NYSE:TR) Posts Quarterly Earnings Results

Tootsie Roll Industries (NYSE:TR) posted its quarterly earnings data on Friday. The company reported $0.31 EPS for the quarter, Zacks reports. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The business had revenue of $229.05 million for the quarter.

Tootsie Roll Industries Stock Down 0.2%

Shares of TR stock opened at $38.99 on Friday. The stock has a 50-day simple moving average of $37.84 and a 200 day simple moving average of $39.69. Tootsie Roll Industries has a fifty-two week low of $33.94 and a fifty-two week high of $45.06. The stock has a market capitalization of $2.93 billion, a P/E ratio of 34.86 and a beta of 0.41.

Tootsie Roll Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 7th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $0.36 annualized dividend and a yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 28.12%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Tootsie Roll Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc manufactures and sells confectionery products in the United States and internationally. Its portfolio includes chocolate, candy, gum and other sweets marketed under brands such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes and Charms Blow Pop.

The company traces its origins to 1896, when Leo Hirschfield began producing candy in New York City. Tootsie Roll, one of its best-known products, was introduced in the late 19th century and named after Hirschfield’s daughter, Clara, whose nickname was “Tootsie.” The company later expanded through brand development and acquisitions, building a broad portfolio of widely recognized confectionery products.

Tootsie Roll Industries is headquartered in Chicago, Illinois.