$1.95 Billion in Sales Expected for The Hershey Company (HSY) This Quarter

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.



Several equities analysts have issued reports on the stock. Zacks Investment Research cut shares of The Hershey from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. Royal Bank of Canada restated a “hold” rating and issued a $122.00 price target on shares of The Hershey in a research report on Friday, December 22nd. Sanford C. Bernstein set a $124.00 price target on shares of The Hershey and gave the company a “buy” rating in a research report on Tuesday, December 19th. Berenberg Bank upgraded shares of The Hershey from a “sell” rating to a “hold” rating and set a $90.00 price target for the company in a research report on Monday, December 18th. Finally, Susquehanna Bancshares set a $113.00 price objective on shares of The Hershey and gave the stock a “hold” rating in a research report on Monday, December 18th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $109.27.

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.

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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.

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