The Hershey Company (NYSE:HSY) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, HSY is expected to report 2Q20 income of $ 1.13 per share from revenue of $ 1741.05 million.
For the full year, analysts anticipate top line of $ 7983.98 million, while looking forward to income of $ 5.76 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 8,146.00 million ~ $ 8,306.00 million, where as bottomline are predicted in a range of $ 6.13 ~ $ 6.24 per share
Click Here For More Historical Outlooks Of The Hershey Company
Previous Quarter Performance
The Hershey Company came out with income for the first quarter of $ 1.63 per share, from the revenue of $ 2,037.00 million. The quarterly earnings enlarged 2.52 percent while revenues improved 1.02 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.71 per share from $ 2083.29 million in revenue. The bottom line results missed street analysts by $ 0.08 or 4.68 percent, at the same time, top line results fell short of analysts by $ 46.29 million or 2.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HSY was $ 138.46, representing a 26.01 % increase from the 52 week low of $ 109.88 and a 14.64 % decrease over the 52 week high of $ 162.20.
The company has a market capital of $ 28.80 billion and is part of the Consumer Defensive sector and Confectioners industry.
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Recent Analyst recommendations
On 13th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 136.00 target price.
Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.773 per share to holders of record as of the close of business on May 22, 2020, with payment date of June 15, 2020 and ex-dividend date on May 21, 2020.
Conference Call
The Hershey Company will be hosting a conference call at 8:30 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.thehersheycompany.com
The Hershey Company, together with its subsidiaries, manufactures and sells confectionery products. The company operates through two segments, North America; and International and Other. It offers chocolate and non-chocolate confectionery products; gum and mint refreshment products comprising mints, chewing gums, and bubble gums; pantry items, such as baking ingredients, toppings, beverages, and sundae syrups; and snack items, including spreads, meat snacks, bars and snack bites, mixes, popcorn and protein bars, and cookies.
