The Hershey Company (NYSE:HSY) Expected to Post Earnings of $2.10 Per Share

Brokerages expect that The Hershey Company (NYSE:HSYGet Rating) will post earnings of $2.10 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Hershey’s earnings, with estimates ranging from $2.05 to $2.16. Hershey reported earnings per share of $1.92 during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Hershey will report full year earnings of $7.94 per share for the current financial year, with EPS estimates ranging from $7.90 to $8.00. For the next year, analysts anticipate that the business will post earnings of $8.51 per share, with EPS estimates ranging from $8.38 to $8.66. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hershey.

Hershey (NYSE:HSYGet Rating) last issued its earnings results on Thursday, February 3rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.06. Hershey had a return on equity of 60.73% and a net margin of 16.47%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm posted $1.49 EPS. Hershey’s quarterly revenue was up 6.4% compared to the same quarter last year.

A number of research analysts have commented on HSY shares. Bank of America increased their price objective on Hershey from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 4th. Morgan Stanley increased their price objective on Hershey from $191.00 to $207.00 and gave the company an “equal weight” rating in a research report on Friday, February 4th. StockNews.com started coverage on Hershey in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Hershey from $206.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Argus upgraded Hershey from a “hold” rating to a “buy” rating and set a $224.00 price target on the stock in a research report on Monday, February 7th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Hershey currently has an average rating of “Buy” and an average target price of $213.00.

In other news, Director Pamela M. Arway sold 255 shares of the company’s stock in a transaction on Thursday, April 7th. The shares were sold at an average price of $221.95, for a total transaction of $56,597.25. Following the completion of the transaction, the director now directly owns 15,690 shares in the company, valued at $3,482,395.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Reiman sold 150 shares of the business’s stock in a transaction on Monday, February 7th. The stock was sold at an average price of $205.08, for a total transaction of $30,762.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,018,187 shares of company stock valued at $207,120,300. Corporate insiders own 0.32% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. O Dell Group LLC boosted its position in shares of Hershey by 109.8% during the 4th quarter. O Dell Group LLC now owns 128 shares of the company’s stock worth $25,000 after purchasing an additional 67 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Hershey in the 4th quarter worth about $25,000. Northern Oak Wealth Management Inc. raised its holdings in shares of Hershey by 55.0% in the 4th quarter. Northern Oak Wealth Management Inc. now owns 155 shares of the company’s stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Addison Advisors LLC purchased a new stake in Hershey in the 4th quarter valued at about $31,000. Finally, FSB Premier Wealth Management Inc. purchased a new stake in Hershey in the 4th quarter valued at about $31,000. 51.67% of the stock is currently owned by institutional investors and hedge funds.

HSY stock traded up $0.40 during midday trading on Monday, reaching $225.98. 850,742 shares of the company’s stock traded hands, compared to its average volume of 939,490. The company has a 50-day simple moving average of $210.26 and a two-hundred day simple moving average of $194.10. Hershey has a 1-year low of $157.94 and a 1-year high of $228.46. The company has a market cap of $46.38 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 3.72 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.48.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, February 18th were issued a dividend of $0.901 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 17th. Hershey’s dividend payout ratio is presently 50.63%.

Hershey Company Profile (Get Rating)

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, meat snacks, bars and snack bites, mixes, popcorn, and protein bars.

Read More

Get a free copy of the Zacks research report on Hershey (HSY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hershey (NYSE:HSY)

Receive News & Ratings for Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hershey and related companies with MarketBeat.com's FREE daily email newsletter.