Hostess Brands Inc (TWNK) Expected to Post Earnings of $0.14 Per Share

Analysts expect Hostess Brands Inc (NASDAQ:TWNK) to report earnings of $0.14 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hostess Brands’ earnings, with estimates ranging from $0.11 to $0.16. Hostess Brands posted earnings per share of $0.17 during the same quarter last year, which indicates a negative year over year growth rate of 17.6%. The company is expected to announce its next earnings report on Wednesday, February 27th.

On average, analysts expect that Hostess Brands will report full year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.52 to $0.54. For the next financial year, analysts expect that the firm will report earnings of $0.65 per share, with EPS estimates ranging from $0.59 to $0.69. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $208.64 million. Hostess Brands had a net margin of 27.74% and a return on equity of 3.76%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS.

A number of research analysts have issued reports on TWNK shares. Zacks Investment Research downgraded Hostess Brands from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. BidaskClub downgraded Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Citigroup set a $12.00 price objective on Hostess Brands and gave the company a “hold” rating in a research note on Monday, November 12th. SunTrust Banks downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, UBS Group set a $12.00 price objective on Hostess Brands and gave the company a “hold” rating in a research note on Thursday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.70.

Several hedge funds have recently bought and sold shares of TWNK. Massachusetts Financial Services Co. MA grew its stake in shares of Hostess Brands by 14.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,082,161 shares of the company’s stock worth $14,717,000 after acquiring an additional 139,341 shares during the period. Comerica Bank bought a new position in Hostess Brands in the 2nd quarter worth about $226,000. Wells Fargo & Company MN boosted its stake in Hostess Brands by 28.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,669,338 shares of the company’s stock worth $22,704,000 after purchasing an additional 373,487 shares during the period. Malaga Cove Capital LLC boosted its stake in Hostess Brands by 19.5% in the 2nd quarter. Malaga Cove Capital LLC now owns 50,268 shares of the company’s stock worth $684,000 after purchasing an additional 8,198 shares during the period. Finally, Hikari Power Ltd bought a new position in Hostess Brands in the 2nd quarter worth about $242,000. Institutional investors own 85.15% of the company’s stock.

NASDAQ:TWNK traded up $0.60 during trading on Friday, reaching $11.88. The company’s stock had a trading volume of 2,157,271 shares, compared to its average volume of 997,424. The company has a market capitalization of $1.47 billion, a PE ratio of 18.86 and a beta of 0.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 1.85. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $15.40.

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.

See Also: Calculate Your Return on Investment (ROI)

Get a free copy of the Zacks research report on Hostess Brands (TWNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hostess Brands (NASDAQ:TWNK)

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply