Hershey (NYSE:HSY – Get Free Report) is expected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $2.85 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Hershey Price Performance
Shares of NYSE:HSY opened at $144.78 on Wednesday. The firm has a market cap of $29.30 billion, a price-to-earnings ratio of 16.68, a P/E/G ratio of 4.30 and a beta of 0.38. The business has a fifty day simple moving average of $166.37 and a 200 day simple moving average of $181.55. Hershey has a 1 year low of $143.95 and a 1 year high of $211.92. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.76.
Hershey Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were issued a dividend of $1.37 per share. The ex-dividend date was Monday, November 18th. This represents a $5.48 annualized dividend and a yield of 3.79%. Hershey’s dividend payout ratio (DPR) is currently 63.13%.
Wall Street Analysts Forecast Growth
Insider Transactions at Hershey
In other news, CAO Jennifer Mccalman sold 278 shares of Hershey stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $148.00, for a total transaction of $41,144.00. Following the completion of the sale, the chief accounting officer now owns 2,682 shares in the company, valued at $396,936. The trade was a 9.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.29% of the company’s stock.
About Hershey
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; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.
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