Wall Street analysts forecast that Hostess Brands Inc (NASDAQ:TWNK) will announce sales of $227.76 million for the current quarter, according to Zacks. Three analysts have made estimates for Hostess Brands’ earnings, with the highest sales estimate coming in at $234.92 million and the lowest estimate coming in at $223.20 million. Hostess Brands reported sales of $215.85 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The company is scheduled to announce its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Hostess Brands will report full-year sales of $895.80 million for the current financial year, with estimates ranging from $882.40 million to $914.49 million. For the next year, analysts expect that the firm will report sales of $920.48 million, with estimates ranging from $899.80 million to $950.82 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. The business had revenue of $222.74 million for the quarter, compared to the consensus estimate of $210.90 million.
A number of equities research analysts recently weighed in on TWNK shares. TheStreet raised Hostess Brands from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Deutsche Bank raised Hostess Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $15.00 in a report on Tuesday, April 2nd. Evercore ISI initiated coverage on Hostess Brands in a report on Tuesday. They set an “outperform” rating on the stock. BidaskClub downgraded Hostess Brands from a “buy” rating to a “hold” rating in a report on Friday, March 1st. 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.00.
In other news, Director C. Dean Metropoulos sold 1,834,300 shares of Hostess Brands stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the completion of the transaction, the director now owns 458,939 shares in the company, valued at $6,108,478.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of Hostess Brands stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the transaction, the insider now owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The disclosure for this sale can be found here. Insiders have sold 9,174,376 shares of company stock worth $121,699,913 over the last ninety days. Company insiders own 23.60% of the company’s stock.
Several large investors have recently bought and sold shares of TWNK. Nuveen Asset Management LLC bought a new position in shares of Hostess Brands in the fourth quarter valued at approximately $19,300,000. Norges Bank bought a new position in Hostess Brands in the 4th quarter worth approximately $11,053,000. Victory Capital Management Inc. raised its position in Hostess Brands by 35.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,691,327 shares of the company’s stock worth $33,642,000 after purchasing an additional 701,054 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hostess Brands by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,402,025 shares of the company’s stock worth $70,037,000 after purchasing an additional 686,428 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its position in Hostess Brands by 24.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 2,654,485 shares of the company’s stock worth $33,182,000 after purchasing an additional 518,816 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
TWNK stock traded up $0.04 during trading on Tuesday, reaching $13.37. 401,278 shares of the stock were exchanged, compared to its average volume of 956,602. Hostess Brands has a twelve month low of $9.86 and a twelve month high of $14.70. The company has a market cap of $1.73 billion, a PE ratio of 24.76 and a beta of 0.50. The company has a quick ratio of 1.91, a current ratio of 2.19 and a debt-to-equity ratio of 0.62.
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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