Its Stock Has Paid Off Big Time For Tootsie Roll Industries Inc.

Tootsie Roll Industries Inc. (NYSE: TR) stock fell -2.46% on Wednesday to $43.29 against a previous-day closing price of $44.38. With 0.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 97160.0 shares. The 52-week range on TR shows that it touched its highest point at $44.63 and its lowest point at $30.50 during that stretch. With its current market cap of 2.95 billion, TR has annualized dividend of $0.36 while the current yield stands at 0.83%. Beta for the stock currently stands at 0.10.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TR was up-trending over the past week, with a rise of 0.30%, but this was up by 8.25% over a month. Three-month performance surged to 17.67% while six-month performance rose 31.70%. The stock gained 35.08% in the past year, while it has gained 23.07% so far this year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.70%.

Float and Shares Shorts:

At present, 68.88 million TR shares are outstanding with a float of 37.70 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.5 million, which was 2.18% higher than short shares on Sep 14, 2022. In addition to Ms. Ellen R. Gordon as the firm’s Chairman & CEO, Mr. G. Howard Ember Jr. serves as its VP of Fin. & CFO.

Institutional Ownership:

Through their ownership of 30.58% of TR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.69% of TR, in contrast to 58.74% held by mutual funds. Shares owned by individuals account for 19.98%. As the largest shareholder in TR with 6.30% of the stake, BlackRock Fund Advisors holds 2,544,692 shares worth 2,544,692. A second-largest stockholder of TR, The Vanguard Group, Inc., holds 1,804,601 shares, controlling over 4.47% of the firm’s shares. Allspring Global Investments LLC is the third largest shareholder in TR, holding 904,220 shares or 2.24% stake. With a 3.27% stake in TR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 1,318,254 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 1.67% of TR stock, is the second-largest Mutual Fund holder. It holds 672,640 shares valued at 27.17 million. Vanguard Total Stock Market Index holds 1.00% of the stake in TR, owning 403,643 shares worth 16.3 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TR since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TR analysts setting a high price target of $13.73 and a low target of $13.73, the average target price over the next 12 months is $13.73. Based on these targets, TR could drop -68.28% to reach the target high and fall by -68.28% to reach the target low. Reaching the average price target will result in a decline of -68.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TR will report FY 2011 earnings on 02/14/2023. Analysts have provided yearly estimates in a range of $0.64 being high and $0.64 being low. For TR, this leads to a yearly average estimate of $0.64. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.09. The average estimate for the next quarter is thus $0.09.

Summary of Insider Activity:

Insiders traded TR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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