After finishing at $194.19 in the prior trading day, Hershey Company (NYSE: HSY) closed at $194.58, up 0.20%. In other words, the price has increased by $+0.39 from its previous closing price. On the day, 1351839 shares were traded.
Ratios:
Our goal is to gain a better understanding of HSY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 98.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.57. 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.
On February 12, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $191 to $183.
On February 01, 2024, Citigroup started tracking the stock assigning a Neutral rating and target price of $213.Citigroup initiated its Neutral rating on February 01, 2024, with a $213 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 25 ’24 when Voskuil Steven E sold 1,500 shares for $197.90 per share. The transaction valued at 296,850 led to the insider holds 40,228 shares of the business.
Grover Rohit sold 4,200 shares of HSY for $768,578 on Mar 04 ’24. The President, International now owns 27,161 shares after completing the transaction at $182.99 per share. On Feb 23 ’24, another insider, Voskuil Steven E, who serves as the SVP, Chief Financial Officer of the company, sold 1,500 shares for $193.06 each. As a result, the insider received 289,590 and left with 42,710 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 39.74B and an Enterprise Value of 44.46B. As of this moment, Hershey’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.49, and their Forward P/E ratio for the next fiscal year is 19.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 9.70. Its current Enterprise Value per Revenue stands at 3.98 whereas that against EBITDA is 16.15.
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 194.15, while the 200-Day Moving Average is calculated to be 203.53.
Shares Statistics:
The stock has traded on average 2.04M shares per day over the past 3-months and 1.65M shares per day over the last 10 days, according to various share statistics. A total of 149.78M shares are outstanding, with a floating share count of 148.83M. Insiders hold about 27.02% of the company’s shares, while institutions hold 58.97% stake in the company. Shares short for HSY as of Mar 28, 2024 were 4.3M with a Short Ratio of 1.84, compared to 2.85M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.10% and a Short% of Float of 3.25%.
Dividends & Splits
In the trailing 12 months, HSY’s forward annual dividend rate was 4.46, compared to 4.79 this year. Against a Trailing Annual Dividend Yield of 2.29%, it implies a Forward Annual Dividend Yield of 2.82%. 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
Its stock is currently analyzed by 19 different market analysts. On average, analysts expect EPS of $2.78 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 $1.74, with high estimates of $1.87 and low estimates of $1.53.
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 $10.13, with 23 analysts recommending between $10.49 and $9.18.
Revenue Estimates
16 analysts predict $3.11B in revenue for the current quarter. 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 4.20% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $2.48B, a decrease of -1.00% less than the figure of $4.20% 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 $11.87B 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 3.30% from the average revenue estimate for this year.
