Argus Downgraded Hershey Co. (HSY)

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

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