The closing price of Hershey Company (NYSE: HSY) was $187.17 for the day, down -0.76% from the previous closing price of $188.61. On the day, 1798914 shares were traded.
Ratios:
Our analysis of HSY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 94.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.59. For the most recent quarter (mrq), Quick Ratio is recorded 0.52 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 1.25 whereas as Long-Term Debt/Eq ratio is at 0.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on February 12, 2024, Downgraded its rating to Underweight and sets its target price to $183 from $191 previously.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $213.
Bernstein Upgraded its Mkt Perform to Outperform on January 29, 2024, while the target price for the stock was maintained at $235.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 23 when Voskuil Steven E sold 1,500 shares for $193.06 per share. The transaction valued at 289,590 led to the insider holds 42,710 shares of the business.
McCalman Jennifer sold 453 shares of HSY for $89,939 on Feb 02. The VP, Chief Accounting Officer now owns 1,862 shares after completing the transaction at $198.54 per share. On Jan 23, another insider, Voskuil Steven E, who serves as the SVP, Chief Financial Officer of the company, sold 1,500 shares for $188.97 each. As a result, the insider received 283,455 and left with 29,816 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HSY now has a Market Capitalization of 38.17B and an Enterprise Value of 42.90B. As of this moment, Hershey’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.67, and their Forward P/E ratio for the next fiscal year is 18.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.42 while its Price-to-Book (P/B) ratio in mrq is 9.33. Its current Enterprise Value per Revenue stands at 3.84 whereas that against EBITDA is 15.58.
Stock Price History:
Over the past 52 weeks, HSY has reached a high of $276.88, while it has fallen to a 52-week low of $178.82. The 50-Day Moving Average of the stock is 190.45, while the 200-Day Moving Average is calculated to be 213.72.
Shares Statistics:
HSY traded an average of 1.68M shares per day over the past three months and 1.79M shares per day over the past ten days. A total of 149.78M shares are outstanding, with a floating share count of 148.90M. Insiders hold about 26.99% of the company’s shares, while institutions hold 58.84% stake in the company. Shares short for HSY as of Jan 31, 2024 were 2.79M with a Short Ratio of 1.66, compared to 2.8M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.37% and a Short% of Float of 2.08%.
Dividends & Splits
With its trailing 12-month dividend rate of 4.46, HSY has a forward annual dividend rate of 4.79. Against a Trailing Annual Dividend Yield of 2.36%, it implies a Forward Annual Dividend Yield of 2.93%. The stock’s 5-year Average Dividend Yield is 1.96. The current Payout Ratio is 49.20% for HSY, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Feb 16, 2024. Stock splits for the company last occurred on Jun 16, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 20 analysts. On average, analysts expect EPS of $2.79 for the current quarter, with a high estimate of $3.09 and a low estimate of $2.56, while EPS last year was $2.96. The consensus estimate for the next quarter is $1.73, with high estimates of $1.87 and low estimates of $1.49.
Analysts are recommending an EPS of between $9.91 and $9.07 for the fiscal current year, implying an average EPS of $9.59. EPS for the following year is $10.21, with 23 analysts recommending between $10.64 and $9.78.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 17 analysts. It ranges from a high estimate of $3.22B to a low estimate of $2.98B. As of the current estimate, Hershey Company’s year-ago sales were $2.99B, an estimated increase of 4.00% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $2.48B, a decrease of -1.10% less than the figure of $4.00% in the same quarter last year. There is a high estimate of $2.56B for the next quarter, whereas the lowest estimate is $2.41B.
A total of 21 analysts have provided revenue estimates for HSY’s current fiscal year. The highest revenue estimate was $11.77B, while the lowest revenue estimate was $11.39B, resulting in an average revenue estimate of $11.48B. In the same quarter a year ago, actual revenue was $11.16B, up 2.80% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $11.83B in the next fiscal year. The high estimate is $12.22B and the low estimate is $11.7B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.
