Tootsie Roll Industries (TR) Stock Forecast, Price & News

Tootsie Roll Industries' stock was trading at $42.57 at the beginning of the year. Since then, TR stock has decreased by 9.7% and is now trading at $38.42.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our TR earnings forecast.

Tootsie Roll Industries, Inc. (NYSE:TR) announced its earnings results on Tuesday, April, 25th. The company reported $0.19 EPS for the quarter. The business had revenue of $160.71 million for the quarter. Tootsie Roll Industries had a trailing twelve-month return on equity of 9.89% and a net margin of 11.01%.

Tootsie Roll Industries declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Monday, March 6th will be paid a dividend of $0.09 per share on Thursday, March 30th. This represents a $0.36 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, March 3rd.
Read our dividend analysis for TR.

ETFs with the largest weight of Tootsie Roll Industries (NYSE:TR) stock in their portfolio include Invesco Dynamic Food & Beverage ETF (PBJ), Invesco S&P SmallCap Consumer Staples ETF (PSCC), ProShares Russell US Dividend Growers ETF (TMDV), ETC 6 Meridian Small Cap Equity ETF (SIXS), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Tootsie Roll Industries (NYSE:TR) pays an annual dividend of $0.36 per share and currently has a dividend yield of 0.93%. The company has been increasing its dividend for 54 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 33.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TR.

14 employees have rated Tootsie Roll Industries Chief Executive Officer Ellen Gordon on Glassdoor.com. Ellen Gordon has an approval rating of 53% among the company's employees. This puts Ellen Gordon in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tootsie Roll Industries investors own include AbbVie (ABBV), AT&T (T), Walt Disney (DIS), Altria Group (MO), Procter & Gamble (PG), Walgreens Boots Alliance (WBA), Wells Fargo & Company (WFC), Walmart (WMT), ZIOPHARM Oncology (ZIOP) and Archer-Daniels-Midland (ADM).

Tootsie Roll Industries trades on the New York Stock Exchange (NYSE) under the ticker symbol "TR."

Tootsie Roll Industries' stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.40%), Dimensional Fund Advisors LP (1.26%), Allspring Global Investments Holdings LLC (1.03%), State Street Corp (0.90%), Renaissance Technologies LLC (0.57%) and Geode Capital Management LLC (0.51%).
View institutional ownership trends.

Shares of TR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of TR stock can currently be purchased for approximately $38.42.

Tootsie Roll Industries (NYSE:TR) has a market capitalization of $2.70 billion and generates $708.43 million in revenue each year. The company earns $75.94 million in net income (profit) each year or $1.09 on an earnings per share basis.

The company employs 2,300 workers across the globe.

Tootsie Roll Industries' mailing address is 7401 SOUTH CICERO AVENUE, CHICAGO IL, 60629. The official website for the company is www.tootsie.com. The company can be reached via phone at (773) 838-3400 or via fax at 773-838-3534.