Hillshire Reports Decline in 2nd Qtr. Profits; Beats Estimate (HSH)

Hillshire Reports Decline in 2nd Qtr. Profits; Beats Estimate (HSH)

RSS

Food company, Hillshire Brands Co(HSH) reported a drop in Q2 profits, but beat analysts estimates on Thursday.

The Chicago, IL based company reported second quarter earnings of $65 million, or 53 cents per share, compared to $469 million, or $3.94 per share last year. Excluding special items, EPS was 62 cents per share, beating analysts estimate of 47 cents.

Revenue came in at $1.06 billion, missing analysts estimate of $1.08 billion.

Looking ahead, the company expects to see FY2013 earnings in the range of $1.60 to $1.70 per share, up from the company’s previous outlook of $1.40 to $1.55 per share.

Hillshire shares were mostly flat during premarket trading Thursday. The stock has increased 55% in the past year.

The Bottom Line
Shares of Hillshire Brands Co(HSH) have a 1.65% yield, based on Wednesdays closing price of $30.26.

Hillshire Brands Co(HSH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today