Tootsie Roll Industries (NYSE:TR) Issues Earnings Results

Tootsie Roll Industries (NYSE:TR) posted its quarterly earnings data on Friday. The company reported $0.49 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $232.71 million for the quarter. Tootsie Roll Industries had a net margin of 12.99% and a return on equity of 10.65%.

Tootsie Roll Industries Trading Up 2.2%

TR opened at $37.69 on Friday. The firm has a market capitalization of $2.75 billion, a PE ratio of 29.20 and a beta of 0.43. Tootsie Roll Industries has a twelve month low of $28.67 and a twelve month high of $44.27. The firm’s 50-day moving average price is $40.47 and its 200 day moving average price is $37.37.

Tootsie Roll Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Tuesday, October 7th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, October 7th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.91%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Tootsie Roll Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NBT Bank N A NY purchased a new stake in shares of Tootsie Roll Industries in the third quarter valued at approximately $39,000. CWM LLC boosted its stake in Tootsie Roll Industries by 42.0% during the third quarter. CWM LLC now owns 1,394 shares of the company’s stock worth $58,000 after buying an additional 412 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Tootsie Roll Industries in the 2nd quarter valued at $60,000. Evermay Wealth Management LLC acquired a new stake in shares of Tootsie Roll Industries in the 1st quarter worth $58,000. Finally, Quantbot Technologies LP increased its stake in shares of Tootsie Roll Industries by 105.5% in the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company’s stock worth $69,000 after acquiring an additional 1,133 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.