Wall Street analysts expect that Hostess Brands Inc (NASDAQ:TWNK) will announce $254.31 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hostess Brands' earnings. The highest sales estimate is $263.16 million and the lowest is $247.70 million. Hostess Brands reported sales of $227.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 11.9%. The business is expected to announce its next quarterly earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that Hostess Brands will report full year sales of $1.01 billion for the current financial year, with estimates ranging from $1.01 billion to $1.02 billion. For the next financial year, analysts expect that the company will report sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.06 billion. Zacks' sales averages are a mean average based on a survey of research firms that follow Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, August 5th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.07. Hostess Brands had a return on equity of 5.40% and a net margin of 5.20%. The firm had revenue of $256.23 million during the quarter, compared to the consensus estimate of $252.73 million.
A number of analysts have weighed in on TWNK shares. BidaskClub lowered shares of Hostess Brands from a "hold" rating to a "sell" rating in a research report on Tuesday, October 13th. Morgan Stanley raised their price objective on Hostess Brands from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Wednesday, October 14th. Zacks Investment Research raised Hostess Brands from a "hold" rating to a "buy" rating and set a $14.00 target price for the company in a report on Thursday. Finally, Jefferies Financial Group reissued a "buy" rating and set a $15.00 price target on shares of Hostess Brands in a research note on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and a consensus price target of $15.33.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 34,749 shares of the company's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $13.00, for a total value of $451,737.00. Following the sale, the insider now owns 34,749 shares in the company, valued at approximately $451,737. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 728,911 shares of company stock worth $9,646,754 over the last ninety days. Company insiders own 7.10% of the company's stock.
Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in shares of Hostess Brands in the 2nd quarter valued at $35,000. Advisor Group Holdings Inc. bought a new stake in Hostess Brands during the first quarter valued at $38,000. SG3 Management LLC acquired a new stake in Hostess Brands during the 2nd quarter worth about $61,000. Signaturefd LLC raised its position in shares of Hostess Brands by 28.0% in the 2nd quarter. Signaturefd LLC now owns 7,408 shares of the company's stock worth $91,000 after acquiring an additional 1,619 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new position in shares of Hostess Brands in the 2nd quarter valued at about $131,000.
TWNK stock opened at $13.20 on Monday. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 33.85 and a beta of 0.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.41. The company has a 50 day simple moving average of $12.61 and a 200 day simple moving average of $12.21. Hostess Brands has a 1 year low of $9.32 and a 1 year high of $14.68.
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 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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