Brokerages Expect Hershey Co (HSY) to Announce $1.27 Earnings Per Share

Equities research analysts expect Hershey Co (NYSE:HSY) to report earnings of $1.27 per share for the current quarter, according to Zacks. Five analysts have made estimates for Hershey’s earnings. The lowest EPS estimate is $1.24 and the highest is $1.31. Hershey reported earnings per share of $1.03 in the same quarter last year, which would indicate a positive year over year growth rate of 23.3%. The company is scheduled to report its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Hershey will report full-year earnings of $5.37 per share for the current fiscal year, with EPS estimates ranging from $5.34 to $5.41. For the next financial year, analysts expect that the firm will post earnings of $5.66 per share, with EPS estimates ranging from $5.51 to $5.76. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Hershey.

Hershey (NYSE:HSY) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. Hershey had a net margin of 13.20% and a return on equity of 102.30%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.08 billion.

A number of research firms recently issued reports on HSY. ValuEngine upgraded shares of Hershey from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Morgan Stanley raised their price objective on shares of Hershey from $93.00 to $98.00 and gave the stock an “underweight” rating in a report on Friday, July 27th. Stifel Nicolaus raised their price objective on shares of Hershey from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Credit Suisse Group raised their price objective on shares of Hershey from $80.00 to $85.00 and gave the stock a “sell” rating in a report on Friday, July 27th. Finally, Susquehanna Bancshares raised their price objective on shares of Hershey from $109.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, October 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $103.81.

In related news, CFO Patricia A. Little sold 17,589 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $103.00, for a total transaction of $1,811,667.00. Following the completion of the transaction, the chief financial officer now owns 37,086 shares of the company’s stock, valued at $3,819,858. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michele Buck sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $101.90, for a total transaction of $152,850.00. Following the transaction, the insider now directly owns 173,894 shares of the company’s stock, valued at approximately $17,719,798.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 90,881 shares of company stock valued at $9,570,614. 0.92% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of HSY. Allianz Asset Management GmbH lifted its position in Hershey by 456.7% during the first quarter. Allianz Asset Management GmbH now owns 142,689 shares of the company’s stock valued at $14,120,000 after purchasing an additional 117,056 shares during the last quarter. DnB Asset Management AS bought a new stake in Hershey during the second quarter valued at approximately $2,097,000. IFM Investors Pty Ltd lifted its position in Hershey by 41.7% during the second quarter. IFM Investors Pty Ltd now owns 6,747 shares of the company’s stock valued at $628,000 after purchasing an additional 1,986 shares during the last quarter. Gofen & Glossberg LLC IL bought a new stake in Hershey during the second quarter valued at approximately $2,199,000. Finally, Gateway Investment Advisers LLC bought a new stake in Hershey during the second quarter valued at approximately $552,000. 53.15% of the stock is owned by institutional investors.

NYSE HSY traded up $0.74 during trading hours on Friday, reaching $109.15. 1,604,102 shares of the company were exchanged, compared to its average volume of 1,483,875. Hershey has a 1 year low of $89.10 and a 1 year high of $115.82. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.69 and a current ratio of 1.01. The company has a market capitalization of $22.64 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Wednesday, November 21st will be paid a dividend of $0.722 per share. The ex-dividend date is Tuesday, November 20th. This represents a $2.89 annualized dividend and a yield of 2.65%. Hershey’s dividend payout ratio is currently 60.71%.

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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Earnings History and Estimates for Hershey (NYSE:HSY)

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