Analysts Anticipate Hershey Co (NYSE:HSY) Will Post Earnings of $1.23 Per Share

Wall Street brokerages expect Hershey Co (NYSE:HSY) to post $1.23 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hershey’s earnings, with estimates ranging from $1.22 to $1.25. Hershey reported earnings per share of $1.26 in the same quarter last year, which suggests a negative year over year growth rate of 2.4%. The business is expected to report its next earnings report before the market opens on Thursday, January 30th.

On average, analysts expect that Hershey will report full year earnings of $5.73 per share for the current fiscal year, with EPS estimates ranging from $5.70 to $5.75. For the next year, analysts expect that the firm will post earnings of $6.12 per share, with EPS estimates ranging from $6.10 to $6.16. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Hershey.

Hershey (NYSE:HSY) last issued its earnings results on Thursday, October 24th. The company reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.60 by $0.01. Hershey had a net margin of 16.18% and a return on equity of 77.39%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year.

HSY has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Hershey from a “sell” rating to a “hold” rating and set a $154.00 price objective on the stock in a report on Friday, December 27th. UBS Group set a $147.00 price objective on shares of Hershey and gave the stock a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada initiated coverage on shares of Hershey in a report on Thursday, October 17th. They issued a “sector perform” rating and a $158.00 price objective on the stock. Deutsche Bank initiated coverage on shares of Hershey in a report on Wednesday, December 11th. They issued a “hold” rating and a $155.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on shares of Hershey from $133.00 to $138.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. Hershey currently has an average rating of “Hold” and an average target price of $146.27.

In other news, major shareholder Hershey Trust Co Trustee In Tr sold 6,800 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $145.06, for a total transaction of $986,408.00. Following the completion of the transaction, the insider now owns 47,170 shares in the company, valued at approximately $6,842,480.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michele Buck sold 3,832 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $150.00, for a total transaction of $574,800.00. Following the transaction, the chief executive officer now owns 149,429 shares of the company’s stock, valued at approximately $22,414,350. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,230 shares of company stock worth $7,720,027. 0.41% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Profund Advisors LLC grew its position in shares of Hershey by 10.4% in the 2nd quarter. Profund Advisors LLC now owns 2,719 shares of the company’s stock valued at $364,000 after purchasing an additional 257 shares during the period. Private Advisor Group LLC boosted its position in Hershey by 39.7% during the 2nd quarter. Private Advisor Group LLC now owns 10,446 shares of the company’s stock worth $1,400,000 after acquiring an additional 2,971 shares during the last quarter. Vanguard Group Inc. boosted its position in Hershey by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 11,780,343 shares of the company’s stock worth $1,578,920,000 after acquiring an additional 537,363 shares during the last quarter. Invesco Ltd. boosted its position in Hershey by 1.1% during the 2nd quarter. Invesco Ltd. now owns 1,633,987 shares of the company’s stock worth $219,004,000 after acquiring an additional 18,402 shares during the last quarter. Finally, Assetmark Inc. boosted its position in Hershey by 44.2% during the 2nd quarter. Assetmark Inc. now owns 2,741 shares of the company’s stock worth $367,000 after acquiring an additional 840 shares during the last quarter. Institutional investors own 53.27% of the company’s stock.

HSY stock opened at $152.83 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.80 and a debt-to-equity ratio of 1.64. Hershey has a fifty-two week low of $100.80 and a fifty-two week high of $162.20. The firm’s 50-day simple moving average is $147.74 and its 200 day simple moving average is $149.64. The stock has a market cap of $31.56 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.52 and a beta of 0.05.

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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Earnings History and Estimates for Hershey (NYSE:HSY)

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