Hillshire Brands (HSH) to Release Earnings on Thursday
Hillshire Brands (NYSE:HSH) is set to release its Q114 earnings data on Thursday, October 31st. Analysts expect Hillshire Brands to post earnings of $0.35 per share and revenue of $959.65 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Hillshire Brands (NYSE:HSH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $962.00 million for the quarter, compared to the consensus estimate of $979.69 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts expect Hillshire Brands to post $1.67 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Hillshire Brands (NYSE:HSH) opened at 32.79 on Wednesday. Hillshire Brands has a one year low of $24.96 and a one year high of $37.28. The stock’s 50-day moving average is $33.01 and its 200-day moving average is $33.9. The company has a market cap of $4.043 billion and a price-to-earnings ratio of 16.05.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 8th. Investors of record on Monday, December 2nd will be paid a dividend of $0.18 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Wednesday, November 27th.
HSH has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Hillshire Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $29.30 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. cut their price target on shares of Hillshire Brands from $37.00 to $35.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Hillshire Brands from $28.00 to $31.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $33.26.
The Hillshire Brands Company (NYSE:HSH), formerly Sara Lee Corporation, is a meat-centric food solutions company.
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