Tootsie Roll Industries (NYSE:TR) Issues Earnings Results

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.

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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

Several large investors have recently made changes to their positions in TR. Strs Ohio boosted its holdings in shares of Tootsie Roll Industries by 3.0% in the 1st quarter. Strs Ohio now owns 8,961 shares of the company’s stock valued at $383,000 after acquiring an additional 261 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tootsie Roll Industries by 48.1% during the first quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Tootsie Roll Industries by 8.1% during the second quarter. GAMMA Investing LLC now owns 4,549 shares of the company’s stock worth $180,000 after purchasing an additional 339 shares during the last quarter. Parallel Advisors LLC lifted its position in Tootsie Roll Industries by 9.7% during the third quarter. Parallel Advisors LLC now owns 4,115 shares of the company’s stock valued at $173,000 after purchasing an additional 364 shares during the period. Finally, California State Teachers Retirement System lifted its position in Tootsie Roll Industries by 2.2% during the first quarter. California State Teachers Retirement System now owns 17,485 shares of the company’s stock valued at $747,000 after purchasing an additional 375 shares during the period. 14.28% of the stock is owned by institutional investors.

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

(Get Free Report)

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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