Wall Street brokerages predict that Hostess Brands Inc (NASDAQ:TWNK) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hostess Brands’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.20. Hostess Brands also posted earnings of $0.18 per share during the same quarter last year. The company is scheduled to report its next earnings report on Tuesday, August 14th.
On average, analysts expect that Hostess Brands will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.70. For the next financial year, analysts anticipate that the business will post earnings of $0.84 per share, with EPS estimates ranging from $0.78 to $0.88. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Hostess Brands.
Get Hostess Brands alerts:Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $208.74 million during the quarter, compared to analyst estimates of $200.77 million. Hostess Brands had a net margin of 28.97% and a return on equity of 4.37%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS.
Several equities research analysts have recently issued reports on TWNK shares. BidaskClub upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Wednesday, June 13th. Vertical Research started coverage on shares of Hostess Brands in a report on Monday, May 21st. They issued a “buy” rating for the company. Vertical Group started coverage on shares of Hostess Brands in a report on Tuesday, May 22nd. They issued a “buy” rating and a $19.00 target price for the company. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Finally, Deutsche Bank lowered shares of Hostess Brands from a “buy” rating to a “hold” rating and set a $14.00 target price for the company. in a report on Monday, May 14th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hostess Brands presently has an average rating of “Hold” and a consensus target price of $15.67.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FDx Advisors Inc. lifted its holdings in Hostess Brands by 39.9% during the 1st quarter. FDx Advisors Inc. now owns 17,150 shares of the company’s stock valued at $254,000 after buying an additional 4,894 shares in the last quarter. Legal & General Group Plc lifted its holdings in Hostess Brands by 17.2% during the 1st quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock valued at $521,000 after buying an additional 5,161 shares in the last quarter. Monarch Partners Asset Management LLC lifted its holdings in Hostess Brands by 0.5% during the 1st quarter. Monarch Partners Asset Management LLC now owns 1,220,577 shares of the company’s stock valued at $18,052,000 after buying an additional 5,630 shares in the last quarter. Xact Kapitalforvaltning AB lifted its holdings in Hostess Brands by 55.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock valued at $260,000 after buying an additional 6,300 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings in Hostess Brands by 8.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 90,279 shares of the company’s stock valued at $1,337,000 after buying an additional 6,926 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.
Shares of Hostess Brands traded up $0.17, hitting $14.24, during trading on Tuesday, MarketBeat.com reports. The stock had a trading volume of 10,544 shares, compared to its average volume of 906,865. The firm has a market capitalization of $1.83 billion, a PE ratio of 22.33 and a beta of 0.20. The company has a current ratio of 1.94, a quick ratio of 1.64 and a debt-to-equity ratio of 0.66. Hostess Brands has a 12 month low of $11.00 and a 12 month high of $16.53.
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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