Hillshire Brands Downgraded by Gabelli to Hold (HSH)
Hillshire Brands (NYSE:HSH) was downgraded by research analysts at Gabelli from a “buy” rating to a “hold” rating in a report released on Wednesday. The analysts noted that the move was a valuation call.
Shares of Hillshire Brands (NYSE:HSH) opened at 45.19 on Wednesday. Hillshire Brands has a 52 week low of $30.35 and a 52 week high of $45.52. The stock’s 50-day moving average is $36.22 and its 200-day moving average is $35.23. The company has a market cap of $5.542 billion and a price-to-earnings ratio of 24.72. Hillshire Brands also saw some unusual options trading activity on Monday. Stock investors purchased 27,177 call options on the company. This is an increase of approximately 253% compared to the typical volume of 7,706 call options.
Hillshire Brands (NYSE:HSH) last released its earnings data on Tuesday, May 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.10. The company had revenue of $955.00 million for the quarter, compared to the consensus estimate of $939.03 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Hillshire Brands will post $1.73 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 8th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, May 29th.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Wednesday. They now have a $49.00 price target on the stock, up previously from $44.00. Finally, analysts at Wells Fargo & Co. upgraded shares of Hillshire Brands from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $38.08.
The Hillshire Brands Company is a manufacturer and marketer of food products. The Company’s portfolio includes brands, such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame.
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