Tootsie Roll Industries (NYSE:TR – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $154.22 million during the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.20%.
Tootsie Roll Industries Stock Performance
Tootsie Roll Industries stock traded down $0.01 during mid-day trading on Friday, reaching $39.74. 99,672 shares of the company were exchanged, compared to its average volume of 170,111. The firm has a market cap of $2.99 billion, a P/E ratio of 30.95 and a beta of 0.39. The business has a fifty day moving average of $38.52 and a 200 day moving average of $40.24. Tootsie Roll Industries has a 12-month low of $34.44 and a 12-month high of $45.06.
Tootsie Roll Industries Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is currently 28.13%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on Tootsie Roll Industries
About Tootsie Roll Industries
Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.
The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.
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