Hershey (HSY) to Release Quarterly Earnings on Thursday

Hershey (NYSE:HSY) is projected to issue its quarterly earnings data before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $2.85 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hershey Stock Performance

Shares of NYSE HSY opened at $149.41 on Thursday. The firm’s 50-day moving average price is $168.39 and its 200-day moving average price is $182.73. Hershey has a 52-week low of $147.60 and a 52-week high of $211.92. The company has a market cap of $30.23 billion, a PE ratio of 17.21, a PEG ratio of 4.28 and a beta of 0.38. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76.

Hershey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 18th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Monday, November 18th. Hershey’s dividend payout ratio (DPR) is presently 63.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HSY. UBS Group cut their price objective on Hershey from $189.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Sanford C. Bernstein lowered shares of Hershey from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $230.00 to $205.00 in a research report on Monday, October 7th. TD Cowen lowered their price objective on shares of Hershey from $190.00 to $172.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hershey from $184.00 to $148.00 and set a “hold” rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Six analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $171.79.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.