Hershey (HSY) Releases FY18 Earnings Guidance

Hershey (NYSE:HSY) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.33-5.43 for the period, compared to the Thomson Reuters consensus estimate of $5.32.

Several brokerages recently issued reports on HSY. Credit Suisse Group boosted their price target on Hershey from $80.00 to $85.00 and gave the company a sell rating in a research report on Friday, July 27th. Morgan Stanley boosted their price target on Hershey from $93.00 to $98.00 and gave the company an underweight rating in a research report on Friday, July 27th. Stifel Nicolaus boosted their price target on Hershey from $90.00 to $95.00 and gave the company a hold rating in a research report on Friday, July 27th. Piper Jaffray Companies boosted their price target on Hershey from $97.00 to $100.00 and gave the company a hold rating in a research report on Friday, July 27th. Finally, Consumer Edge cut Hershey from an overweight rating to an equal weight rating in a research report on Monday, July 9th. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $102.35.

NYSE HSY opened at $97.70 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.58 and a current ratio of 0.94. Hershey has a 12-month low of $89.10 and a 12-month high of $115.82. The company has a market cap of $20.37 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32.

Hershey (NYSE:HSY) last released its earnings results on Thursday, July 26th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.04. Hershey had a return on equity of 108.82% and a net margin of 13.40%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. equities research analysts forecast that Hershey will post 5.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 24th will be issued a $0.722 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $2.89 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Hershey’s previous quarterly dividend of $0.66. Hershey’s dividend payout ratio is currently 55.04%.

In related news, Director David L. Shedlarz sold 5,450 shares of the company’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $91.25, for a total value of $497,312.50. Following the sale, the director now owns 11,723 shares in the company, valued at approximately $1,069,723.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michele Buck sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $92.26, for a total value of $138,390.00. Following the completion of the sale, the insider now owns 175,394 shares in the company, valued at approximately $16,181,850.44. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.

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Earnings History and Estimates for Hershey (NYSE:HSY)

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