Hershey (HSY) Projected to Post Earnings on Thursday

Hershey (NYSE:HSY) is expected to be issuing 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. Parties interested in participating in the company’s conference call can do so using this link.

Hershey Trading Down 1.1 %

Shares of HSY stock opened at $147.67 on Tuesday. The firm has a market capitalization of $29.88 billion, a P/E ratio of 17.01, a P/E/G ratio of 4.30 and a beta of 0.38. Hershey has a twelve month low of $146.48 and a twelve month high of $211.92. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $166.93 and its 200 day simple moving average is $181.87.

Hershey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 18th were given a dividend of $1.37 per share. The ex-dividend date was Monday, November 18th. This represents a $5.48 dividend on an annualized basis and a yield of 3.71%. Hershey’s dividend payout ratio is currently 63.13%.

Analyst Ratings Changes

HSY has been the topic of a number of analyst reports. Redburn Atlantic initiated coverage on Hershey in a research report on Tuesday, October 22nd. They issued a “sell” rating and a $165.00 price target on the stock. Sanford C. Bernstein lowered 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. Stifel Nicolaus reduced their price target on Hershey from $180.00 to $170.00 and set a “hold” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company cut their target price on Hershey from $150.00 to $140.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Finally, Barclays cut their target price on Hershey from $180.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Seven research analysts have rated the stock with a sell rating and thirteen have given a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $169.79.

About Hershey

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.