Hershey Co. (NYSE:HSY) was downgraded by equities research
analysts at Argus to a “hold” rating in a note issued to investors on Tuesday.
Hershey (NYSE:HSY) opened at 111.95 on Tuesday. Hershey has
a one year low of $82.41 and a one year high of $117.79. The firm has a market
capitalization of $23.89 billion and a PE ratio of 49.36. The company has a 50
day moving average price of $95.37 and a 200-day moving average price of
$91.49.
Hershey (NYSE:HSY) last issued its quarterly earnings data
on Tuesday, April 26th. The company reported $1.10 earnings per share (EPS) for
the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.03.
During the same quarter last year, the business earned $1.09 earnings per
share. The company had revenue of $1.83 billion for the quarter, compared to
analyst estimates of $1.91 billion. The company’s revenue was down 5.6% on a
year-over-year basis. On average, equities analysts predict that Hershey will
post $4.25 EPS for the current year.
Source: Ticker Report