Tootsie Roll Industries (NYSE:TR) Releases Quarterly Earnings Results

Tootsie Roll Industries (NYSE:TR) issued its quarterly earnings data on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, FiscalAI reports. Tootsie Roll Industries had a return on equity of 10.20% and a net margin of 13.14%.The firm had revenue of $154.22 million during the quarter.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $39.74 on Friday. The stock has a market capitalization of $2.99 billion, a P/E ratio of 30.95 and a beta of 0.39. Tootsie Roll Industries has a 12-month low of $34.44 and a 12-month high of $45.06. The firm’s 50-day moving average is $38.56 and its two-hundred day moving average is $40.24.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 28.12%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Tootsie Roll Industries currently has an average rating of “Hold”.

Hedge Funds Weigh In On Tootsie Roll Industries

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Tootsie Roll Industries by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company’s stock worth $79,281,000 after acquiring an additional 37,493 shares during the period. BlackRock Inc. purchased a new position in shares of Tootsie Roll Industries during the 2nd quarter worth $84,370,000. Dimensional Fund Advisors LP boosted its holdings in shares of Tootsie Roll Industries by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company’s stock worth $49,245,000 after purchasing an additional 26,653 shares during the last quarter. State Street Corp boosted its holdings in shares of Tootsie Roll Industries by 5.1% during the fourth quarter. State Street Corp now owns 710,367 shares of the company’s stock worth $26,084,000 after purchasing an additional 34,770 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Tootsie Roll Industries by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 584,303 shares of the company’s stock valued at $21,406,000 after purchasing an additional 28,796 shares during the period. Hedge funds and other institutional investors 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.