Brokerages predict that Hostess Brands (NASDAQ:TWNK) will report earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hostess Brands’ earnings. The highest EPS estimate is $0.17 and the lowest is $0.14. Hostess Brands also reported earnings per share of $0.15 in the same quarter last year. The firm is expected to announce its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Hostess Brands will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.75. For the next year, analysts forecast that the business will report earnings of $0.82 per share, with EPS estimates ranging from $0.68 to $0.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The company had revenue of $196.22 million for the quarter, compared to the consensus estimate of $194.10 million. Hostess Brands had a net margin of 28.85% and a return on equity of 4.68%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share.
A number of research analysts recently weighed in on the stock. Morgan Stanley set a $14.00 price objective on shares of Hostess Brands and gave the company a “hold” rating in a research report on Thursday, March 1st. SunTrust Banks increased their price objective on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, April 6th. Finally, BidaskClub downgraded shares of Hostess Brands from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.63.
Hostess Brands stock traded up $0.09 during midday trading on Friday, reaching $14.50. 1,149,165 shares of the company traded hands, compared to its average volume of 994,956. The company has a market cap of $1,889.20, a price-to-earnings ratio of 24.61 and a beta of 0.19. 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 1.91, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.
In other Hostess Brands news, Director Craig D. Steeneck purchased 13,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $14.09 per share, for a total transaction of $183,170.00. Following the completion of the transaction, the director now owns 308,257 shares of the company’s stock, valued at $4,343,341.13. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 25.50% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Hostess Brands by 31.3% in the third quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after purchasing an additional 2,316,041 shares in the last quarter. BlackRock Inc. increased its stake in shares of Hostess Brands by 2.1% in the fourth quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock worth $76,181,000 after purchasing an additional 106,348 shares in the last quarter. River Road Asset Management LLC purchased a new position in Hostess Brands during the fourth quarter valued at $38,266,000. Westwood Holdings Group Inc. grew its stake in Hostess Brands by 2.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,429,017 shares of the company’s stock valued at $35,974,000 after acquiring an additional 69,315 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Hostess Brands by 652.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,366,048 shares of the company’s stock valued at $35,041,000 after acquiring an additional 2,051,595 shares in the last quarter. 80.89% of the stock is owned by hedge funds and other institutional investors.
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Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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