Brokerages expect that Hostess Brands, Inc. (NASDAQ:TWNK) will announce $0.15 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hostess Brands’ earnings, with estimates ranging from $0.14 to $0.16. The firm is expected to announce its next earnings results on Wednesday, February 14th.
According to Zacks, analysts expect that Hostess Brands will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.62. For the next fiscal year, analysts forecast that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.64 to $0.89. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $198.42 million. The business’s quarterly revenue was down 2.0% on a year-over-year basis.
Several equities analysts have issued reports on TWNK shares. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price target on shares of Hostess Brands in a research note on Friday, December 22nd. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. UBS Group lowered Hostess Brands from a “neutral” rating to a “sell” rating and dropped their price target for the company from $16.00 to $11.00 in a research note on Friday, October 13th. SunTrust Banks boosted their price target on Hostess Brands to $20.00 and gave the company a “buy” rating in a research note on Monday, December 18th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. started coverage on Hostess Brands in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Hostess Brands has a consensus rating of “Buy” and a consensus price target of $16.89.
In other news, Director Neil P. Defeo acquired 10,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was purchased at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the completion of the acquisition, the director now directly owns 16,482 shares in the company, valued at approximately $213,606.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William Douglas Toler acquired 50,000 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of $12.88 per share, with a total value of $644,000.00. Following the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at $3,220,000. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new stake in shares of Hostess Brands during the second quarter valued at approximately $118,956,000. Swiss National Bank bought a new stake in Hostess Brands during the second quarter worth $1,198,000. Legal & General Group Plc bought a new stake in Hostess Brands during the second quarter worth $312,000. First Manhattan Co. bought a new stake in Hostess Brands during the third quarter worth $677,000. Finally, Alyeska Investment Group L.P. bought a new stake in Hostess Brands during the third quarter worth $5,123,000. Hedge funds and other institutional investors own 78.60% of the company’s stock.
Hostess Brands (NASDAQ:TWNK) opened at $14.85 on Friday. Hostess Brands has a 12-month low of $11.00 and a 12-month high of $17.18. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77.
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About Hostess Brands
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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