Hershey (HSY) Set to Announce Quarterly Earnings on Thursday
Hershey (NYSE:HSY) will issue its quarterly earnings data on Thursday, April 24th. Parties that wish to register for the company’s conference call can do so using this link.
Hershey (NYSE:HSY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.86 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.86. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.89 billion. On average, analysts expect Hershey to post $4.13 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.
Shares of Hershey (NYSE:HSY) opened at 99.77 on Wednesday. Hershey has a 52 week low of $85.14 and a 52 week high of $108.69. The stock has a 50-day moving average of $103.2 and a 200-day moving average of $99.49. The company has a market cap of $22.329 billion and a P/E ratio of 27.81.
A number of analysts have recently weighed in on HSY shares. Analysts at Goldman Sachs downgraded shares of Hershey from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 9th. They now have a $90.00 price target on the stock, down previously from $105.00. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Hershey from $111.00 to $114.00 in a research note on Monday, March 10th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Hershey in a research note on Wednesday, March 5th. They now have a $112.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Hershey has a consensus rating of “Buy” and a consensus target price of $107.42.
The Hershey Company is a producer of chocolate in North America and a provider in chocolate and sugar confectionery.
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