Tootsie Roll Industries (NYSE:TR – Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.31 earnings per share for the quarter, Zacks reports. The business had revenue of $229.05 million during the quarter. Tootsie Roll Industries had a return on equity of 10.16% and a net margin of 13.14%.
Tootsie Roll Industries Trading Down 0.2%
TR traded down $0.09 on Friday, hitting $38.99. 146,460 shares of the company’s stock were exchanged, compared to its average volume of 176,354. The firm has a market cap of $2.93 billion, a PE ratio of 30.36 and a beta of 0.41. Tootsie Roll Industries has a twelve month low of $33.94 and a twelve month high of $45.06. The stock has a fifty day moving average of $37.84 and a two-hundred day moving average of $39.69.
Tootsie Roll Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Wednesday, October 7th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, October 7th. Tootsie Roll Industries’s dividend payout ratio is currently 28.12%.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Tootsie Roll Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.
Get Our Latest Research Report on TR
About Tootsie Roll Industries
Tootsie Roll Industries, Inc manufactures and sells confectionery products in the United States and internationally. Its portfolio includes chocolate, candy, gum and other sweets marketed under brands such as Tootsie Roll, Tootsie Pop, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes and Charms Blow Pop.
The company traces its origins to 1896, when Leo Hirschfield began producing candy in New York City. Tootsie Roll, one of its best-known products, was introduced in the late 19th century and named after Hirschfield’s daughter, Clara, whose nickname was “Tootsie.” The company later expanded through brand development and acquisitions, building a broad portfolio of widely recognized confectionery products.
Tootsie Roll Industries is headquartered in Chicago, Illinois.
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