Wall Street analysts expect that Hostess Brands (NASDAQ:TWNK) will post $0.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hostess Brands’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.17. Hostess Brands also posted earnings of $0.15 per share in the same quarter last year. The firm is scheduled to report its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Hostess Brands will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.75. For the next fiscal year, analysts forecast that the business will report earnings of $0.82 per share, with EPS estimates ranging from $0.68 to $0.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Hostess Brands had a net margin of 28.85% and a return on equity of 4.68%. The company had revenue of $196.22 million for the quarter, compared to analysts’ expectations of $194.10 million. During the same quarter in the previous year, the company earned $0.14 EPS. Hostess Brands’s revenue for the quarter was up 9.7% on a year-over-year basis.
TWNK has been the topic of a number of analyst reports. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. BidaskClub cut shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Morgan Stanley set a $14.00 target price on shares of Hostess Brands and gave the company a “hold” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Saturday, January 20th. Finally, UBS upgraded shares of Hostess Brands from a “sell” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.63.
TWNK opened at $14.38 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.91 and a current ratio of 2.18. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. The firm has a market cap of $1,842.36, a P/E ratio of 22.83 and a beta of 0.16.
In related news, Director Craig D. Steeneck purchased 13,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $14.09 per share, for a total transaction of $183,170.00. Following the purchase, the director now directly owns 308,257 shares in the company, valued at $4,343,341.13. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 25.50% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC purchased a new stake in Hostess Brands in the 4th quarter worth $158,000. Amalgamated Bank purchased a new stake in Hostess Brands in the 4th quarter worth $159,000. JPMorgan Chase & Co. lifted its stake in Hostess Brands by 340.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after purchasing an additional 9,109 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Hostess Brands in the 4th quarter worth $167,000. Finally, Centaurus Financial Inc. purchased a new stake in Hostess Brands in the 4th quarter worth $181,000. Institutional investors and hedge funds own 80.93% of the company’s stock.
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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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