Tootsie Roll Industries (NYSE:TR) Issues Earnings Results

Tootsie Roll Industries (NYSE:TR) released its earnings results on Friday. The company reported $0.39 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $196.28 million for the quarter. Tootsie Roll Industries had a return on equity of 11.16% and a net margin of 13.81%.

Tootsie Roll Industries Stock Performance

Shares of TR opened at $42.34 on Friday. The firm has a market cap of $3.09 billion, a P/E ratio of 30.68 and a beta of 0.53. Tootsie Roll Industries has a twelve month low of $29.13 and a twelve month high of $44.27. The firm’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $39.29.

Tootsie Roll Industries shares are scheduled to split on the morning of Thursday, March 5th. The 1.03-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, March 4th.

Tootsie Roll Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, March 5th. Tootsie Roll Industries’s dividend payout ratio (DPR) is 26.09%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Tootsie Roll Industries currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Tootsie Roll Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NBT Bank N A NY bought a new stake in Tootsie Roll Industries in the 3rd quarter valued at approximately $39,000. CWM LLC lifted its position in shares of Tootsie Roll Industries by 42.0% in the third quarter. CWM LLC now owns 1,394 shares of the company’s stock worth $58,000 after purchasing an additional 412 shares in the last quarter. State of Wyoming acquired a new position in Tootsie Roll Industries during the fourth quarter worth $58,000. Ameritas Investment Partners Inc. bought a new position in Tootsie Roll Industries in the second quarter valued at $60,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in Tootsie Roll Industries in the 2nd quarter valued at $130,000. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Company Profile

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.