Equities research analysts expect that Hershey Co (NYSE:HSY) will announce $1.23 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hershey’s earnings. The highest EPS estimate is $1.25 and the lowest is $1.22. Hershey posted earnings of $1.26 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The business is expected to report its next quarterly earnings results on Thursday, January 30th.
According to Zacks, analysts expect that Hershey will report full year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $5.70 to $5.75. For the next year, analysts anticipate that the firm will post earnings of $6.13 per share, with EPS estimates ranging from $6.10 to $6.16. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Hershey.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 24th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.60 by $0.01. Hershey had a return on equity of 77.39% and a net margin of 16.18%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.
HSY has been the subject of several research reports. ValuEngine cut shares of Hershey from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upped their target price on shares of Hershey from $133.00 to $138.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Bank of America set a $165.00 price target on shares of Hershey and gave the company a “buy” rating in a research note on Friday, October 25th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and set a $155.00 price target for the company. in a report on Thursday, September 12th. They noted that the move was a valuation call. Finally, UBS Group set a $147.00 price objective on shares of Hershey and gave the stock a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $145.57.
Shares of NYSE:HSY opened at $149.25 on Wednesday. Hershey has a 12 month low of $100.80 and a 12 month high of $162.20. The company’s 50-day moving average price is $146.31 and its two-hundred day moving average price is $146.65. The company has a quick ratio of 0.47, a current ratio of 0.80 and a debt-to-equity ratio of 1.64. The firm has a market cap of $31.23 billion, a P/E ratio of 27.85, a P/E/G ratio of 3.53 and a beta of 0.05.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.773 dividend. This represents a $3.09 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, November 21st. Hershey’s dividend payout ratio (DPR) is presently 57.65%.
In other news, major shareholder Hershey Trust Co Trustee In Tr sold 6,800 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $145.06, for a total value of $986,408.00. Following the transaction, the insider now directly owns 47,170 shares in the company, valued at approximately $6,842,480.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michele Buck sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $155.13, for a total value of $232,695.00. Following the completion of the transaction, the chief executive officer now owns 155,429 shares in the company, valued at $24,111,700.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,104 shares of company stock valued at $10,675,263. 0.41% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Krane Funds Advisors LLC acquired a new position in shares of Hershey in the 2nd quarter valued at $25,000. Berman Capital Advisors LLC increased its holdings in shares of Hershey by 172.8% during the 2nd quarter. Berman Capital Advisors LLC now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Hershey in the 3rd quarter valued at $28,000. Country Trust Bank purchased a new stake in Hershey during the third quarter worth $30,000. Finally, Adirondack Trust Co. purchased a new stake in Hershey during the third quarter worth $31,000. 53.33% of the stock is currently owned by hedge funds and other institutional investors.
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
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