Wall Street brokerages predict that Hostess Brands Inc (NASDAQ:TWNK) will report $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hostess Brands’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.14. Hostess Brands reported earnings per share of $0.10 in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The business is scheduled to report its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that Hostess Brands will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.59 to $0.65. For the next year, analysts forecast that the firm will post earnings of $0.74 per share, with EPS estimates ranging from $0.71 to $0.76. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $241.10 million during the quarter, compared to analyst estimates of $225.98 million. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 earnings per share.
Several analysts have recently weighed in on TWNK shares. SunTrust Banks reaffirmed a “hold” rating and set a $17.00 price objective on shares of Hostess Brands in a report on Thursday, August 8th. DA Davidson started coverage on shares of Hostess Brands in a report on Wednesday, June 19th. They set a “buy” rating and a $16.00 price objective for the company. Morgan Stanley raised their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. TheStreet lowered shares of Hostess Brands from a “b” rating to a “f” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $14.00 price objective on shares of Hostess Brands in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $14.78.
In other news, Director C. Dean Metropoulos sold 455,400 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $6,375,600.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $13,474,608.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TWNK. Nisa Investment Advisors LLC bought a new stake in shares of Hostess Brands during the second quarter valued at approximately $29,000. Quantamental Technologies LLC bought a new stake in shares of Hostess Brands during the second quarter valued at approximately $40,000. CENTRAL TRUST Co bought a new stake in shares of Hostess Brands during the second quarter valued at approximately $51,000. Financial Gravity Wealth Inc. grew its stake in shares of Hostess Brands by 334.1% during the second quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock valued at $88,000 after purchasing an additional 4,684 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Hostess Brands in the first quarter valued at approximately $102,000. 85.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ TWNK traded up $0.24 during mid-day trading on Friday, hitting $13.96. 2,383,800 shares of the stock were exchanged, compared to its average volume of 1,606,018. The company has a market cap of $1.77 billion, a P/E ratio of 25.85 and a beta of 0.55. The stock’s fifty day simple moving average is $14.36 and its two-hundred day simple moving average is $13.16. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.96 and a current ratio of 2.22. Hostess Brands has a twelve month low of $9.86 and a twelve month high of $14.86.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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