Hostess Brands (TWNK) Issues Quarterly Earnings Results

Hostess Brands (NASDAQ:TWNK) announced its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02), Morningstar.com reports. The firm had revenue of $211.00 million during the quarter, compared to the consensus estimate of $208.64 million. Hostess Brands had a return on equity of 3.87% and a net margin of 28.58%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. Hostess Brands updated its FY18 guidance to $0.52-0.55 EPS.

Shares of NASDAQ:TWNK traded up $0.11 during trading on Thursday, reaching $11.15. 60,467 shares of the company were exchanged, compared to its average volume of 1,421,703. The firm has a market cap of $1.45 billion, a PE ratio of 17.63 and a beta of 0.28. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $15.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.75 and a current ratio of 2.03.

TWNK has been the topic of a number of research reports. UBS Group set a $12.00 target price on shares of Hostess Brands and gave the stock a “hold” rating in a research report on Thursday. BidaskClub raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Tuesday. SunTrust Banks lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Citigroup initiated coverage on shares of Hostess Brands in a research report on Wednesday, September 26th. They set a “neutral” rating and a $13.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.89.

In other Hostess Brands news, insider Andrew Wilson Jacobs acquired 8,275 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average cost of $12.15 per share, with a total value of $100,541.25. Following the completion of the acquisition, the insider now directly owns 27,209 shares in the company, valued at approximately $330,589.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Larry E. Bodner acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were acquired at an average cost of $11.93 per share, for a total transaction of $119,300.00. Following the completion of the acquisition, the director now owns 26,609 shares of the company’s stock, valued at $317,445.37. The disclosure for this purchase can be found here. Company insiders own 24.60% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Hostess Brands by 108.9% in the first quarter. JPMorgan Chase & Co. now owns 68,670 shares of the company’s stock worth $1,016,000 after purchasing an additional 35,805 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Hostess Brands during the first quarter worth $2,172,000. Legal & General Group Plc lifted its stake in shares of Hostess Brands by 17.2% during the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock worth $521,000 after buying an additional 5,161 shares during the period. Xact Kapitalforvaltning AB lifted its stake in shares of Hostess Brands by 55.8% during the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock worth $260,000 after buying an additional 6,300 shares during the period. Finally, Suntrust Banks Inc. acquired a new stake in shares of Hostess Brands during the first quarter worth $404,000. 85.44% of the stock is currently owned by institutional investors.

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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.

Featured Article: Earnings Per Share (EPS)

Earnings History for Hostess Brands (NASDAQ:TWNK)

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