Zacks: Brokerages Expect Hostess Brands Inc (NASDAQ:TWNK) Will Announce Earnings of $0.15 Per Share
Wall Street brokerages forecast that Hostess Brands Inc (NASDAQ:TWNK) will post earnings of $0.15 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hostess Brands’ earnings, with estimates ranging from $0.14 to $0.17. Hostess Brands posted earnings per share of $0.14 in the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is scheduled to issue its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Hostess Brands will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.65. For the next year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.68 to $0.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. The firm had revenue of $222.74 million for the quarter, compared to the consensus estimate of $210.90 million.
Shares of Hostess Brands stock traded up $0.11 during trading on Thursday, reaching $14.31. 47,889 shares of the company traded hands, compared to its average volume of 1,256,845. The company has a quick ratio of 1.91, a current ratio of 2.19 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $14.10. Hostess Brands has a 1-year low of $9.86 and a 1-year high of $14.86. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 26.44 and a beta of 0.55.
In related news, Director C. Dean Metropoulos sold 1,834,300 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $24,414,533.00. Following the transaction, the director now directly owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $82,065,467.00. Following the completion of the transaction, the insider now directly owns 6,165,700 shares in the company, valued at $82,065,467. The disclosure for this sale can be found here. 23.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Champlain Investment Partners LLC grew its position in Hostess Brands by 5.8% in the 1st quarter. Champlain Investment Partners LLC now owns 7,884,750 shares of the company’s stock valued at $98,559,000 after acquiring an additional 434,800 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hostess Brands by 5.6% in the fourth quarter. BlackRock Inc. now owns 6,886,570 shares of the company’s stock worth $75,339,000 after purchasing an additional 364,332 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hostess Brands by 12.0% in the fourth 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. River Road Asset Management LLC raised its stake in shares of Hostess Brands by 2.1% in the first quarter. River Road Asset Management LLC now owns 6,211,047 shares of the company’s stock worth $77,638,000 after purchasing an additional 129,894 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Hostess Brands by 6.9% during the first quarter. Wells Fargo & Company MN now owns 3,216,646 shares of the company’s stock worth $40,209,000 after acquiring an additional 207,051 shares during the period. Institutional investors own 84.83% of the company’s stock.
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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