Company Update: The Hershey Company (NYSE:HSY) – TAKE5, The Greatest Candy Bar You’ve Never Heard Of

[PR Newswire] – Now, The Hershey Company (HSY) is relaunching the TAKE5 Bar with the help and ideas of millennials. “We recognized the evolving millennial tastes and their need for on-the-go eating occasions,” said Chris Kinnard, TAKE5 brand manager. Knowing millennials covet authenticity and co-creation, Hershey and the TAKE5 brand partnered with them to help relaunch the bar. Read more on this. The Hershey Company (HSY) , with a current market cap of $18.43B, started trading this morning at $83.89. During today’s session, HSY traded between $82.65 to $85.58 and has traded between $82.41 and $110.99 over the past 12 months. Hershey (HSY) shares are currently priced at 20.64x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.45x earnings multiple for the same period. According to a consensus of 14 analysts, the earnings estimate of $1.06 per share would be $0.02 better than the year-ago quarter and a $0.07 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.10, which would be a $0.12 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.98 Billion. If reported, that would be a 1.49% decrease over the year-ago quarter. Recently, JP Morgan downgraded HSY from Overweight to Neutral (Jan 11, 2016). Previously, JP Morgan upgraded HSY from Neutral to Overweight. The average price target for HSY shares by the analysts covering it is $92.31, which is 10.04% above where the stock opened. See more in (NYSE:HSY) Similar Articles: Market Update: The Hershey Company (NYSE:HSY) – Hershey to Webcast Third-Quarter Conference Call Stock Update: The Hershey Company (NYSE:HSY) – Hershey Ranked a Top 10 Brand for Millennials by VoxBurner Market Update: The Hershey Company (NYSE:HSY) – Hershey Delivers Delicious, Better-for-You Snacking with Introduction of Brookside Fruit & Nut Bars