Hershey (HSY) Set to Announce Earnings on Thursday
Hershey (NYSE:HSY) will post its Q313 quarterly earnings results on Thursday, October 24th. Analysts expect Hershey to post earnings of $1.00 per share and revenue of $1.88 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Hershey (NYSE:HSY) last announced its earnings results on Thursday, July 25th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.66 earnings per share. Hershey’s revenue was up 6.7% compared to the same quarter last year. On average, analysts expect Hershey to post $3.71 EPS for the current fiscal year and $4.10 EPS for the next fiscal year.
Shares of Hershey (NYSE:HSY) opened at 97.02 on Wednesday. Hershey has a 52-week low of $68.09 and a 52-week high of $98.00. The stock’s 50-day moving average is $94. and its 200-day moving average is $89.60. The company has a market cap of $21.654 billion and a P/E ratio of 29.86.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Monday, November 25th will be given a dividend of $0.49 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, November 21st.
A number of research firms have recently commented on HSY. Analysts at JPMorgan Chase & Co. raised their price target on shares of Hershey from $100.00 to $105.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note to investors on Friday, August 30th. They now have a $96.00 price target on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Hershey from $85.00 to $87.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.07.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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