Hillshire Brands (HSH) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS
Hillshire Brands (NYSE:HSH) issued its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.08, Stock Ratings Network reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $994.10 million.
A number of research firms have recently commented on HSH. Analysts at Credit Suisse downgraded shares of Hillshire Brands from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. On a related note, analysts at Wells Fargo & Co. downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 10th. Finally, analysts at Sanford C. Bernstein downgraded shares of Hillshire Brands from an “outperform” rating to a “market perform” rating in a research note on Friday, May 30th. They now have a $6.10 price target on the stock. Nine equities research analysts have rated the stock with a hold rating, Hillshire Brands has an average rating of “Hold” and a consensus target price of $35.18.
Shares of Hillshire Brands (NYSE:HSH) opened at 62.67 on Wednesday. Hillshire Brands has a 52-week low of $30.35 and a 52-week high of $62.90. The stock’s 50-day moving average is $62.6 and its 200-day moving average is $46.19. The company has a market cap of $7.686 billion and a price-to-earnings ratio of 34.38.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.