Equities analysts predict that Hostess Brands Inc (NASDAQ:TWNK) will post earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hostess Brands’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.18. Hostess Brands reported earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Hostess Brands will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.68. For the next fiscal year, analysts forecast that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.65 to $0.85. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). Hostess Brands had a net margin of 28.58% and a return on equity of 3.87%. The business had revenue of $215.85 million during the quarter, compared to the consensus estimate of $219.50 million.
TWNK has been the topic of several research reports. UBS Group raised shares of Hostess Brands from a “sell” rating to a “neutral” rating in a research report on Monday, April 23rd. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. Deutsche Bank lowered shares of Hostess Brands from a “buy” rating to a “hold” rating and set a $14.00 price target on the stock. in a research report on Monday, May 14th. Berenberg Bank initiated coverage on shares of Hostess Brands in a research report on Monday, May 21st. They issued a “buy” rating and a $15.00 price target on the stock. Finally, Vertical Research initiated coverage on shares of Hostess Brands in a research report on Monday, May 21st. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.67.
Shares of Hostess Brands traded down $0.36, hitting $11.73, during midday trading on Tuesday, according to MarketBeat.com. The company’s stock had a trading volume of 2,025,834 shares, compared to its average volume of 1,208,946. Hostess Brands has a one year low of $11.00 and a one year high of $15.40. The company has a quick ratio of 1.64, a current ratio of 2.03 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.57 billion, a P/E ratio of 22.38 and a beta of 0.21.
A number of institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA increased its holdings in Hostess Brands by 2.9% during the 2nd quarter. Federated Investors Inc. PA now owns 478,229 shares of the company’s stock worth $6,505,000 after acquiring an additional 13,602 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hostess Brands by 21.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,828,961 shares of the company’s stock worth $65,674,000 after acquiring an additional 861,968 shares during the period. Brown Advisory Inc. increased its holdings in Hostess Brands by 86.7% during the 2nd quarter. Brown Advisory Inc. now owns 89,708 shares of the company’s stock worth $1,220,000 after acquiring an additional 41,667 shares during the period. BlackRock Inc. increased its holdings in Hostess Brands by 24.1% during the 2nd quarter. BlackRock Inc. now owns 6,357,836 shares of the company’s stock worth $86,466,000 after acquiring an additional 1,232,929 shares during the period. Finally, Sun Life Financial INC bought a new stake in Hostess Brands during the 2nd quarter worth approximately $110,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.
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 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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