$1.17 EPS Expected for Hershey Co (NYSE:HSY) This Quarter

Wall Street brokerages expect that Hershey Co (NYSE:HSY) will report earnings per share (EPS) of $1.17 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hershey’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.33. Hershey posted earnings per share of $1.31 during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.7%. The business is expected to announce its next earnings report before the market opens on Thursday, July 23rd.

According to Zacks, analysts expect that Hershey will report full-year earnings of $5.75 per share for the current fiscal year, with EPS estimates ranging from $5.50 to $6.05. For the next year, analysts forecast that the firm will report earnings of $6.12 per share, with EPS estimates ranging from $5.72 to $6.55. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Hershey.

Hershey (NYSE:HSY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $1.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by ($0.08). Hershey had a net margin of 13.94% and a return on equity of 71.52%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $1.59 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis.

Several equities analysts have recently commented on the company. Edward Jones upgraded Hershey from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. Bank of America restated a “neutral” rating and issued a $140.00 price objective (down from $143.00) on shares of Hershey in a research report on Friday, April 24th. Cfra downgraded Hershey from a “hold” rating to a “sell” rating and lowered their price objective for the company from $150.00 to $125.00 in a research report on Thursday, April 23rd. Wells Fargo & Co lowered their price objective on Hershey from $155.00 to $143.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Morgan Stanley lowered their price objective on Hershey from $146.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and three have issued a buy rating to the company. Hershey has an average rating of “Hold” and an average price target of $144.67.

In other Hershey news, CEO Michele Buck sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $143.20, for a total transaction of $214,800.00. Following the sale, the chief executive officer now directly owns 170,121 shares in the company, valued at $24,361,327.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Pamela M. Arway sold 347 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $142.37, for a total value of $49,402.39. Following the sale, the director now owns 15,945 shares in the company, valued at $2,270,089.65. The disclosure for this sale can be found here. Corporate insiders own 29.39% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC bought a new position in shares of Hershey during the fourth quarter valued at approximately $28,000. Cox Capital Mgt LLC bought a new position in shares of Hershey during the first quarter valued at approximately $29,000. Ballast Advisors LLC bought a new position in Hershey in the first quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in Hershey in the first quarter worth approximately $26,000. Finally, BDO Wealth Advisors LLC bought a new position in Hershey in the first quarter worth approximately $31,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hershey stock traded down $0.26 during trading hours on Friday, hitting $129.86. The company’s stock had a trading volume of 1,287,362 shares, compared to its average volume of 1,311,870. The business has a 50 day moving average price of $131.40 and a two-hundred day moving average price of $141.64. Hershey has a 12-month low of $109.88 and a 12-month high of $162.20. The company has a market cap of $27.01 billion, a PE ratio of 24.55, a PEG ratio of 2.95 and a beta of 0.16. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.70 and a current ratio of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 22nd were given a dividend of $0.773 per share. The ex-dividend date was Thursday, May 21st. This represents a $3.09 dividend on an annualized basis and a yield of 2.38%. Hershey’s dividend payout ratio (DPR) is presently 53.46%.

About Hershey

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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