(01-07-2016, 02:33 PM)EricL Wrote: I think your numbers for HSY are off, they aren't trading anywhere near a high 30's multiple. Analysts are estimating $4.10 in EPS for 2015 and $4.40 for 2016, which gives a PE range of 19.5-20.9 at the current share price.
I think there's bad data out there for HSY. TDA has last 4 reported quarters total earnings at $4.08 / share but when I look at M* data I see the 2nd to last reported quarter at $-0.44 which aggregates to $2.31 for the same period ( all other quarter numbers are different from TDA too )
So, not sure what to believe but at $86.3 / share price the P/E looks to be between 21 and 37.
Fwd 2016 estimates I see $4.40 for a forward P/E of 19.6
I like CALM, INGR and MO moving forward in this sector