Hostess Brands (TWNK) Releases FY17 Earnings Guidance
Hostess Brands (NASDAQ:TWNK) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.62-0.64 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $775-781 million, compared to the consensus revenue estimate of $775.88 million.
Shares of Hostess Brands (TWNK) traded up $0.07 during midday trading on Wednesday, hitting $11.34. 2,596,253 shares of the company traded hands, compared to its average volume of 2,074,703. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.78. Hostess Brands has a 12-month low of $11.09 and a 12-month high of $17.18.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $192.30 million during the quarter, compared to analyst estimates of $198.42 million. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. research analysts anticipate that Hostess Brands will post 0.6 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Hostess Brands from a sell rating to a buy rating and set a $17.00 target price for the company in a research report on Thursday, July 13th. UBS AG assumed coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a neutral rating and a $16.00 target price for the company. J P Morgan Chase & Co assumed coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a neutral rating and a $15.00 target price for the company. Morgan Stanley assumed coverage on shares of Hostess Brands in a research report on Monday, September 25th. They set an equal weight rating and a $14.00 target price for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Hostess Brands in a research report on Monday, September 18th. They set an outperform rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $16.50.
In other Hostess Brands news, insider Michael John Cramer bought 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $13.98 per share, for a total transaction of $69,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Douglas Toler acquired 75,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at $7,761,600. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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