Whole Earth Brands, Inc. (NASDAQ:FREE) Expected to Post Quarterly Sales of $98.90 Million


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Analysts expect Whole Earth Brands, Inc. (NASDAQ:FREE) to announce $98.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Whole Earth Brands’ earnings, with the highest sales estimate coming in at $100.80 million and the lowest estimate coming in at $97.00 million. The business is expected to issue its next quarterly earnings report on Tuesday, June 15th.

On average, analysts expect that Whole Earth Brands will report full-year sales of $499.50 million for the current financial year, with estimates ranging from $495.00 million to $504.00 million. For the next year, analysts anticipate that the business will report sales of $545.60 million, with estimates ranging from $545.00 million to $546.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Whole Earth Brands.

Whole Earth Brands (NASDAQ:FREE) last announced its earnings results on Tuesday, March 16th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $75.69 million for the quarter, compared to analyst estimates of $75.15 million.

A number of research firms recently weighed in on FREE. Zacks Investment Research lowered shares of Whole Earth Brands from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 target price on shares of Whole Earth Brands in a research note on Friday, March 19th. Roth Capital assumed coverage on shares of Whole Earth Brands in a research note on Thursday, January 28th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Lake Street Capital assumed coverage on Whole Earth Brands in a research report on Monday, February 22nd. They set a “buy” rating and a $19.00 price target for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $18.67.

Several hedge funds have recently added to or reduced their stakes in FREE. Hsbc Holdings PLC raised its position in shares of Whole Earth Brands by 5.5% in the fourth quarter. Hsbc Holdings PLC now owns 16,999 shares of the company’s stock worth $185,000 after buying an additional 889 shares in the last quarter. Trust Co. of Vermont raised its holdings in Whole Earth Brands by 26.7% during the 1st quarter. Trust Co. of Vermont now owns 8,027 shares of the company’s stock valued at $105,000 after buying an additional 1,690 shares during the last quarter. Paloma Partners Management Co increased its position in shares of Whole Earth Brands by 21.4% in the fourth quarter. Paloma Partners Management Co now owns 18,044 shares of the company’s stock valued at $197,000 after acquiring an additional 3,186 shares during the period. Radnor Capital Management LLC raised its stake in shares of Whole Earth Brands by 5.9% during the first quarter. Radnor Capital Management LLC now owns 67,640 shares of the company’s stock valued at $882,000 after acquiring an additional 3,775 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its stake in shares of Whole Earth Brands by 1.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 504,143 shares of the company’s stock worth $5,495,000 after purchasing an additional 4,853 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Shares of NASDAQ:FREE opened at $13.35 on Wednesday. The company has a current ratio of 3.43, a quick ratio of 1.75 and a debt-to-equity ratio of 0.41. Whole Earth Brands has a 52-week low of $6.92 and a 52-week high of $14.95. The business’s 50 day simple moving average is $13.52 and its two-hundred day simple moving average is $11.53.

About Whole Earth Brands

Whole Earth Brands, Inc operates as a food company worldwide. It operates in two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

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Earnings History and Estimates for Whole Earth Brands (NASDAQ:FREE)

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