Hostess Brands Inc (NASDAQ:TWNK) – Stock analysts at SunTrust Banks cut their Q1 2019 earnings estimates for shares of Hostess Brands in a research note issued to investors on Wednesday, February 27th. SunTrust Banks analyst W. Chappell now expects that the company will earn $0.13 per share for the quarter, down from their prior forecast of $0.14. SunTrust Banks also issued estimates for Hostess Brands’ Q2 2020 earnings at $0.17 EPS, Q3 2020 earnings at $0.17 EPS, Q4 2020 earnings at $0.20 EPS and FY2020 earnings at $0.69 EPS.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, February 27th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $214.80 million for the quarter, compared to analysts’ expectations of $210.94 million. Hostess Brands had a net margin of 27.74% and a return on equity of 3.76%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS.
Several other research firms have also recently weighed in on TWNK. Zacks Investment Research cut shares of Hostess Brands from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. BidaskClub cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Citigroup set a $12.00 price target on shares of Hostess Brands and gave the company a “hold” rating in a report on Monday, November 12th. Royal Bank of Canada lowered their price target on shares of Hostess Brands from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 8th. Finally, UBS Group set a $12.00 price target on shares of Hostess Brands and gave the company a “hold” rating in a report on Thursday, November 8th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.11.
Hostess Brands stock opened at $12.14 on Friday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.27 and a beta of 0.49. The company has a current ratio of 2.13, a quick ratio of 1.85 and a debt-to-equity ratio of 0.64. Hostess Brands has a twelve month low of $9.86 and a twelve month high of $14.98.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Hostess Brands by 5.5% during the third quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock worth $90,671,000 after purchasing an additional 428,147 shares during the period. Diversified Trust Co increased its holdings in shares of Hostess Brands by 58.4% during the third quarter. Diversified Trust Co now owns 22,371 shares of the company’s stock worth $248,000 after purchasing an additional 8,250 shares during the period. Rothschild & Co. Asset Management US Inc. increased its holdings in shares of Hostess Brands by 0.7% during the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 1,955,010 shares of the company’s stock worth $21,388,000 after purchasing an additional 14,198 shares during the period. Federated Investors Inc. PA increased its holdings in shares of Hostess Brands by 4.0% during the third quarter. Federated Investors Inc. PA now owns 497,587 shares of the company’s stock worth $5,508,000 after purchasing an additional 19,358 shares during the period. Finally, River Road Asset Management LLC increased its holdings in shares of Hostess Brands by 3.3% during the fourth quarter. River Road Asset Management LLC now owns 6,081,153 shares of the company’s stock worth $66,528,000 after purchasing an additional 194,752 shares during the period. 82.30% of the stock is currently owned by institutional investors.
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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