What is DA Davidson's Estimate for Hershey FY2025 Earnings?

The Hershey Company (NYSE:HSY - Free Report) - Stock analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of Hershey in a note issued to investors on Monday, May 5th. DA Davidson analyst B. Holland now expects that the company will post earnings per share of $6.05 for the year, up from their prior estimate of $6.02. DA Davidson currently has a "Neutral" rating and a $163.00 price target on the stock. The consensus estimate for Hershey's current full-year earnings is $6.12 per share.

Hershey (NYSE:HSY - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.15. Hershey had a net margin of 19.83% and a return on equity of 44.77%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business posted $3.07 EPS. The business's quarterly revenue was down 13.8% on a year-over-year basis.

Several other analysts also recently weighed in on HSY. Sanford C. Bernstein boosted their price objective on Hershey from $147.00 to $155.00 and gave the company a "market perform" rating in a research report on Friday, May 2nd. Jefferies Financial Group dropped their price target on shares of Hershey from $150.00 to $134.00 and set an "underperform" rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on shares of Hershey from $125.00 to $132.00 and gave the company an "underweight" rating in a research report on Friday, March 14th. Morgan Stanley dropped their target price on shares of Hershey from $183.00 to $177.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price target on Hershey from $170.00 to $160.00 and set a "hold" rating on the stock in a report on Friday, February 7th. Five research analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company. According to MarketBeat, Hershey has an average rating of "Hold" and an average target price of $161.40.

Hershey Trading Up 0.5 %

Shares of NYSE HSY traded up $0.88 during midday trading on Wednesday, reaching $171.00. The company had a trading volume of 1,228,311 shares, compared to its average volume of 1,769,604. The stock has a market cap of $34.61 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 5.90 and a beta of 0.32. Hershey has a one year low of $140.13 and a one year high of $211.92. The firm's fifty day moving average price is $168.20 and its 200-day moving average price is $168.38. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.68.

Institutional Trading of Hershey

A number of institutional investors and hedge funds have recently modified their holdings of HSY. Tidal Investments LLC raised its position in Hershey by 14.9% in the 3rd quarter. Tidal Investments LLC now owns 8,360 shares of the company's stock worth $1,603,000 after buying an additional 1,083 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Hershey by 95.4% during the third quarter. Franklin Resources Inc. now owns 218,055 shares of the company's stock valued at $40,558,000 after purchasing an additional 106,450 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hershey by 66.7% during the third quarter. Principal Financial Group Inc. now owns 972,836 shares of the company's stock valued at $186,571,000 after purchasing an additional 389,404 shares during the period. Diversified Trust Co purchased a new stake in Hershey in the fourth quarter worth approximately $200,000. Finally, Douglas Lane & Associates LLC grew its position in Hershey by 15.5% in the 4th quarter. Douglas Lane & Associates LLC now owns 317,461 shares of the company's stock worth $53,762,000 after purchasing an additional 42,550 shares during the period. Institutional investors own 57.96% of the company's stock.

Hershey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a $1.37 dividend. The ex-dividend date is Friday, May 16th. This represents a $5.48 annualized dividend and a yield of 3.20%. Hershey's dividend payout ratio (DPR) is presently 67.57%.

About Hershey

The Hershey Company, together with its subsidiaries, engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally. The company operates through three segments: North America Confectionery, North America Salty Snacks, and International. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products, including mints, chewing gums, and bubble gums; protein bars; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items comprising spreads, bars, snack bites, mixes, popcorn, and pretzels.