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

Tootsie Roll Industries (NYSE:TR) issued its earnings results on Wednesday. The company reported $0.46 EPS for the quarter, reports. The firm had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR opened at $30.16 on Friday. The business’s 50 day moving average price is $30.52 and its 200-day moving average price is $29.97. Tootsie Roll Industries has a 1 year low of $27.58 and a 1 year high of $35.84. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 22.79 and a beta of 0.17.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.20%.

Institutional Investors Weigh In On Tootsie Roll Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Tootsie Roll Industries during the second quarter valued at approximately $33,000. nVerses Capital LLC purchased a new stake in shares of Tootsie Roll Industries during the third quarter worth approximately $43,000. International Assets Investment Management LLC raised its stake in Tootsie Roll Industries by 1,100.4% in the 3rd quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock valued at $192,000 after purchasing an additional 5,447 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Tootsie Roll Industries during the 2nd quarter worth $205,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Tootsie Roll Industries during the third quarter worth $233,000. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Sunday, June 30th.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.