Hershey (HSY) Projected to Post Quarterly Earnings on Thursday

Hershey (NYSE:HSYGet 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

A number of research firms have weighed in on HSY. Mizuho reduced their price objective on Hershey from $195.00 to $170.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Hershey from $171.00 to $151.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Bank of America reaffirmed a “neutral” rating and set a $180.00 price objective on shares of Hershey in a research report on Thursday, December 12th. Royal Bank of Canada reissued a “sector perform” rating and set a $178.00 target price on shares of Hershey in a research report on Monday. Finally, Piper Sandler cut Hershey from a “neutral” rating to an “underweight” rating and cut their price target for the company from $153.00 to $120.00 in a report on Friday, January 31st. Seven analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.79.

Get Our Latest Report on HSY

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

(Get Free Report)

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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Earnings History for Hershey (NYSE:HSY)

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