Press coverage about Hostess Brands (NASDAQ:TWNK) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hostess Brands earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.1664145017289 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages have recently issued reports on TWNK. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Hostess Brands in a research note on Friday, December 22nd. SunTrust Banks upped their price target on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. JPMorgan Chase & Co. assumed coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target for the company. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Morgan Stanley assumed coverage on shares of Hostess Brands in a research report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $16.89.
Shares of Hostess Brands (NASDAQ:TWNK) opened at $14.94 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88. Hostess Brands has a 12-month low of $11.00 and a 12-month high of $17.18.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $198.42 million. Hostess Brands’s revenue for the quarter was down 2.0% on a year-over-year basis. equities research analysts expect that Hostess Brands will post 0.61 earnings per share for the current fiscal year.
In other news, Director Neil P. Defeo acquired 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were purchased at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the acquisition, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cdm Hostess Class C, Llc sold 31,685 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $15.30, for a total transaction of $484,780.50. Following the completion of the transaction, the insider now owns 31,685 shares in the company, valued at approximately $484,780.50. The disclosure for this sale can be found here. 25.50% of the stock is currently owned by corporate insiders.
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Hostess Brands Company Profile
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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