Equities research analysts expect Hershey Co (NYSE:HSY) to report earnings of $1.07 per share for the current quarter, according to Zacks. Four analysts have made estimates for Hershey’s earnings. The lowest EPS estimate is $1.03 and the highest is $1.08. Hershey reported earnings per share of $1.17 in the same quarter last year, which would indicate a negative year over year growth rate of 8.5%. The company is scheduled to report its next quarterly earnings results on Friday, February 2nd.
On average, analysts expect that Hershey will report full-year earnings of $4.80 per share for the current fiscal year, with EPS estimates ranging from $4.77 to $4.82. For the next financial year, analysts expect that the firm will post earnings of $5.15 per share, with EPS estimates ranging from $5.05 to $5.23. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Hershey.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, October 26th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Hershey had a net margin of 9.52% and a return on equity of 124.06%. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $1.29 earnings per share. Hershey’s revenue for the quarter was up 1.5% on a year-over-year basis.
In related news, VP Javier H. Idrovo sold 15,132 shares of Hershey stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $110.04, for a total value of $1,665,125.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michele Buck sold 400 shares of Hershey stock in a transaction on Monday, November 27th. The stock was sold at an average price of $108.00, for a total transaction of $43,200.00. Following the completion of the transaction, the insider now directly owns 164,497 shares in the company, valued at $17,765,676. The disclosure for this sale can be found here. Insiders have sold 32,949 shares of company stock worth $3,594,640 over the last three months. Insiders own 0.92% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in Hershey by 5.5% during the 2nd quarter. BlackRock Inc. now owns 10,664,194 shares of the company’s stock valued at $1,145,016,000 after purchasing an additional 557,846 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Hershey by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,545,096 shares of the company’s stock valued at $1,024,857,000 after buying an additional 260,072 shares in the last quarter. State Street Corp boosted its holdings in shares of Hershey by 1.2% during the 2nd quarter. State Street Corp now owns 6,270,169 shares of the company’s stock valued at $673,225,000 after buying an additional 75,548 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Hershey by 15.4% during the 3rd quarter. Janus Henderson Group PLC now owns 4,368,862 shares of the company’s stock valued at $476,949,000 after buying an additional 582,715 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Hershey by 0.3% during the 2nd quarter. Northern Trust Corp now owns 1,825,282 shares of the company’s stock valued at $195,980,000 after buying an additional 5,796 shares in the last quarter. 51.32% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hershey (HSY) traded up $0.78 during trading on Tuesday, reaching $114.14. 1,436,993 shares of the company’s stock traded hands, compared to its average volume of 1,025,538. Hershey has a twelve month low of $100.11 and a twelve month high of $116.49. The company has a market capitalization of $23,839.19, a price-to-earnings ratio of 23.09, a PEG ratio of 3.07 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Tuesday, November 21st. Hershey’s dividend payout ratio (DPR) is presently 77.98%.
Hershey declared that its board has approved a stock repurchase program on Thursday, October 26th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
ILLEGAL ACTIVITY WARNING: “$1.07 Earnings Per Share Expected for Hershey Co (HSY) This Quarter” was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/12/15/1-07-earnings-per-share-expected-for-hershey-co-hsy-this-quarter.html.
Hershey Company Profile
The Hershey Company is a producer of chocolate in North America. The Company’s principal product offerings include chocolate and non-chocolate confectionery products; gum and mint refreshment products; pantry items, such as baking ingredients and beverages, and snack items, such as spreads, meat snacks, bars and snack bites and mixes.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.