Equities research analysts expect The Hershey Company (NYSE:HSY) to post $1.95 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for The Hershey’s earnings, with estimates ranging from $1.93 billion to $1.97 billion. The Hershey posted sales of $1.88 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that The Hershey will report full-year sales of $1.95 billion for the current financial year, with estimates ranging from $7.92 billion to $8.00 billion. For the next financial year, analysts forecast that the firm will post sales of $8.09 billion per share, with estimates ranging from $8.03 billion to $8.17 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for The Hershey.
The Hershey (NYSE:HSY) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by ($0.03). The Hershey had a net margin of 10.42% and a return on equity of 116.74%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the company posted $1.17 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year.
Shares of NYSE HSY opened at $96.65 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.96 and a debt-to-equity ratio of 2.21. The Hershey has a 52-week low of $95.21 and a 52-week high of $116.49. The company has a market capitalization of $20,913.49, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.33.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.656 per share. This represents a $2.62 annualized dividend and a yield of 2.71%. The ex-dividend date was Thursday, February 22nd. The Hershey’s dividend payout ratio is presently 55.04%.
In other The Hershey news, CEO Michele Buck sold 400 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $111.55, for a total value of $44,620.00. Following the transaction, the chief executive officer now directly owns 163,697 shares of the company’s stock, valued at $18,260,400.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in HSY. Calton & Associates Inc. purchased a new stake in shares of The Hershey in the fourth quarter valued at about $108,000. Truewealth LLC purchased a new stake in shares of The Hershey in the fourth quarter valued at about $114,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of The Hershey by 528.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the company’s stock valued at $166,000 after purchasing an additional 1,232 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of The Hershey in the fourth quarter valued at about $169,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of The Hershey in the third quarter valued at about $174,000. Institutional investors own 52.64% of the company’s stock.
WARNING: “$1.95 Billion in Sales Expected for The Hershey Company (HSY) This Quarter” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://dakotafinancialnews.com/2018/04/12/1-95-billion-in-sales-expected-for-the-hershey-company-hsy-this-quarter.html.
The 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Hershey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hershey and related companies with MarketBeat.com's FREE daily email newsletter.