Hershey (HSY) Set to Announce Earnings

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Hershey (NYSE:HSY) will post its Q215 quarterly earnings results on Friday, August 7th. Analysts expect Hershey to post earnings of $0.75 per share and revenue of $1.62 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Shares of Hershey (NYSE:HSY) opened at 92.66 on Thursday. The firm has a 50 day moving average price of $90.84 and a 200-day moving average price of $97.28. The company has a market cap of $20.30 billion and a P/E ratio of 24.66. Hershey has a 12 month low of $87.79 and a 12 month high of $111.35.

Several brokerages have recently issued reports on HSY. Wells Fargo & Co. lowered shares of Hershey from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Nomura cut their price target on shares of Hershey from $87.00 to $85.00 and set a “reduce” rating for the company in a report on Monday, July 20th. Zacks raised shares of Hershey from a “sell” rating to a “hold” rating in a report on Friday, July 10th. Societe Generale began coverage on shares of Hershey in a research note on Thursday, July 2nd. They issued a “sell” rating and a $86.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Hershey from $102.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Hershey has a consensus rating of “Hold” and a consensus target price of $96.44.

In other news, SVP D Michael Wege sold 1,220 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $91.00, for a total value of $111,020.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

The Hershey Company (NYSE:HSY) is a provider of chocolate and sugar confectionery. The Company’s main confectionery offerings comprise gum and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; bite items, such as spreads, and chocolate and mint refreshment products. The Business operates through two segments: International and North America and Other. The North America segment accounts for its chocolate and sugar confectionery business in the United States and Canada. The International as well as Other segment comprises all other nations where the Company makes, imports, distributes or markets, sells other products, sugar confectionery as well as chocolate. This consists of businesses in Asia, Latin America, Europe, Africa and the Middle East, as well as exports to these areas. This segment also contains its international retail businesses, including Hershey’s Chocolate World shops.

Source: dakotafinancialnews.com