Equities research analysts expect that Hershey Co (NYSE:HSY) will announce $2.01 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hershey’s earnings, with the lowest sales estimate coming in at $2.00 billion and the highest estimate coming in at $2.03 billion. Hershey reported sales of $1.94 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The firm is expected to announce its next earnings results on Thursday, February 7th.
According to Zacks, analysts expect that Hershey will report full-year sales of $7.81 billion for the current financial year, with estimates ranging from $7.78 billion to $7.83 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $7.94 billion, with estimates ranging from $7.76 billion to $8.01 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Hershey.
Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 25th. The company reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Hershey had a net margin of 13.20% and a return on equity of 102.30%.
Shares of NYSE:HSY opened at $108.10 on Wednesday. The company has a market capitalization of $22.71 billion, a PE ratio of 22.71, a PEG ratio of 2.37 and a beta of 0.18. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 2.60. Hershey has a 12 month low of $89.10 and a 12 month high of $115.82.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Wednesday, November 21st will be paid a $0.722 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 20th. Hershey’s dividend payout ratio is currently 60.71%.
In other news, major shareholder Hershey Trust Co Trustee In Tr sold 47,170 shares of the company’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $106.00, for a total value of $5,000,020.00. Following the sale, the insider now directly owns 102,330 shares of the company’s stock, valued at approximately $10,846,980. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michele Buck sold 1,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $107.86, for a total transaction of $161,790.00. Following the completion of the sale, the insider now directly owns 169,394 shares in the company, valued at $18,270,836.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,881 shares of company stock worth $9,579,554. Insiders own 0.87% of the company’s stock.
Several large investors have recently bought and sold shares of HSY. FTB Advisors Inc. boosted its stake in Hershey by 108.4% during the second quarter. FTB Advisors Inc. now owns 1,167 shares of the company’s stock worth $107,000 after acquiring an additional 607 shares in the last quarter. Ffcm LLC boosted its stake in Hershey by 35.1% during the third quarter. Ffcm LLC now owns 9,121 shares of the company’s stock worth $107,000 after acquiring an additional 2,371 shares in the last quarter. Fort L.P. bought a new position in Hershey during the second quarter worth $123,000. Flagship Harbor Advisors LLC bought a new position in Hershey during the second quarter worth $130,000. Finally, grace capital bought a new position in Hershey during the second quarter worth $130,000. 52.18% of the stock is currently owned by institutional investors.
Hershey Company Profile
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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