Q2 2021 EPS Estimates for The Hershey Company Lowered by Analyst (NYSE:HSY)


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The Hershey Company (NYSE:HSY) – Equities research analysts at Piper Sandler cut their Q2 2021 earnings estimates for shares of The Hershey in a note issued to investors on Thursday, April 29th. Piper Sandler analyst M. Lavery now expects that the company will earn $1.43 per share for the quarter, down from their previous forecast of $1.52. Piper Sandler currently has a “Overweight” rating on the stock. Piper Sandler also issued estimates for The Hershey’s Q3 2021 earnings at $2.06 EPS, Q4 2021 earnings at $1.43 EPS, FY2021 earnings at $6.85 EPS, Q1 2022 earnings at $2.06 EPS, Q2 2022 earnings at $1.37 EPS, Q3 2022 earnings at $2.11 EPS, Q4 2022 earnings at $1.70 EPS and FY2022 earnings at $7.25 EPS.

Several other research firms have also issued reports on HSY. Jefferies Financial Group lifted their price target on shares of The Hershey from $157.00 to $162.00 and gave the stock a “hold” rating in a research report on Tuesday, January 12th. The Goldman Sachs Group upgraded shares of The Hershey from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $171.00 to $181.00 in a research report on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Hershey from $160.00 to $162.00 and gave the stock a “hold” rating in a research report on Tuesday, April 27th. Royal Bank of Canada upgraded shares of The Hershey from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $157.00 to $170.00 in a research report on Monday, February 8th. Finally, Credit Suisse Group lifted their price objective on shares of The Hershey from $172.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, February 5th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $165.33.

NYSE HSY opened at $166.91 on Monday. The Hershey has a 12 month low of $125.50 and a 12 month high of $167.93. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.44 and a quick ratio of 1.01. The firm has a market capitalization of $34.58 billion, a PE ratio of 29.28, a P/E/G ratio of 2.98 and a beta of 0.31. The company’s 50 day simple moving average is $159.46 and its 200 day simple moving average is $151.46.

The Hershey (NYSE:HSY) last issued its quarterly earnings results on Thursday, April 29th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.80 by $0.12. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.12 billion. The Hershey had a net margin of 14.87% and a return on equity of 70.30%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 21st will be issued a $0.804 dividend. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $3.22 annualized dividend and a yield of 1.93%. The Hershey’s dividend payout ratio (DPR) is presently 55.71%.

In other news, CEO Michele Buck sold 2,500 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $146.06, for a total transaction of $365,150.00. Following the transaction, the chief executive officer now owns 192,331 shares in the company, valued at approximately $28,091,865.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Christopher M. Scalia sold 8,021 shares of the business’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $152.47, for a total transaction of $1,222,961.87. Following the transaction, the senior vice president now owns 7,318 shares in the company, valued at approximately $1,115,775.46. The disclosure for this sale can be found here. Insiders sold a total of 18,926 shares of company stock worth $2,914,171 in the last quarter. Insiders own 29.39% of the company’s stock.

Large investors have recently bought and sold shares of the company. Bellecapital International Ltd. increased its stake in The Hershey by 71.7% in the first quarter. Bellecapital International Ltd. now owns 6,759 shares of the company’s stock valued at $1,069,000 after acquiring an additional 2,822 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in The Hershey in the fourth quarter valued at about $3,913,000. Occidental Asset Management LLC increased its stake in The Hershey by 9.2% in the fourth quarter. Occidental Asset Management LLC now owns 7,191 shares of the company’s stock valued at $1,095,000 after acquiring an additional 603 shares during the period. Marathon Asset Management LLP increased its stake in The Hershey by 3.0% in the first quarter. Marathon Asset Management LLP now owns 713,459 shares of the company’s stock valued at $112,841,000 after acquiring an additional 20,660 shares during the period. Finally, Truist Financial Corp increased its stake in The Hershey by 21.1% in the fourth quarter. Truist Financial Corp now owns 51,650 shares of the company’s stock valued at $7,868,000 after acquiring an additional 8,988 shares during the period. Institutional investors own 52.12% of the company’s stock.

The Hershey Company Profile

The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products and pantry items. The company operates in 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 The Hershey (NYSE:HSY)

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