Brokerages Expect Whole Earth Brands, Inc. (NASDAQ:FREE) Will Post Earnings of $0.26 Per Share

Equities research analysts expect Whole Earth Brands, Inc. (NASDAQ:FREE) to report earnings of $0.26 per share for the current quarter, according to Zacks. Three analysts have made estimates for Whole Earth Brands’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.31. Whole Earth Brands posted earnings per share of ($0.13) during the same quarter last year, which indicates a positive year-over-year growth rate of 300%. The business is expected to issue its next quarterly earnings results on Tuesday, March 15th.

On average, analysts expect that Whole Earth Brands will report full-year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.87 to $1.03. For the next financial year, analysts expect that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.85 to $1.15. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Whole Earth Brands.

Whole Earth Brands (NASDAQ:FREE) last announced its earnings results on Tuesday, November 9th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). The company had revenue of $128.94 million during the quarter, compared to analysts’ expectations of $129.00 million. Whole Earth Brands had a negative net margin of 1.06% and a positive return on equity of 4.92%. During the same period in the prior year, the business earned ($0.07) earnings per share.

A number of equities research analysts recently weighed in on FREE shares. Roth Capital raised their target price on shares of Whole Earth Brands from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 24th. Zacks Investment Research raised shares of Whole Earth Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Cowen started coverage on shares of Whole Earth Brands in a research note on Wednesday, December 15th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Whole Earth Brands in a research report on Thursday, September 30th. They set a “buy” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Whole Earth Brands currently has a consensus rating of “Buy” and an average target price of $18.67.

A number of hedge funds and other institutional investors have recently modified their holdings of FREE. Rubric Capital Management LP grew its holdings in shares of Whole Earth Brands by 6.8% in the third quarter. Rubric Capital Management LP now owns 2,884,554 shares of the company’s stock worth $33,317,000 after purchasing an additional 184,554 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of Whole Earth Brands by 6.4% in the third quarter. River Road Asset Management LLC now owns 2,687,897 shares of the company’s stock worth $31,045,000 after purchasing an additional 160,700 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Whole Earth Brands by 1.7% in the third quarter. BlackRock Inc. now owns 2,550,366 shares of the company’s stock worth $29,457,000 after purchasing an additional 42,064 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Whole Earth Brands by 9.1% in the second quarter. Vanguard Group Inc. now owns 1,749,554 shares of the company’s stock worth $25,368,000 after purchasing an additional 145,335 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Whole Earth Brands by 141.1% in the third quarter. Neuberger Berman Group LLC now owns 1,702,332 shares of the company’s stock worth $19,662,000 after purchasing an additional 996,282 shares during the last quarter. Institutional investors and hedge funds own 79.08% of the company’s stock.

Shares of FREE opened at $10.01 on Monday. The firm’s 50 day simple moving average is $10.99 and its 200 day simple moving average is $11.92. The company has a quick ratio of 0.96, a current ratio of 2.43 and a debt-to-equity ratio of 1.22. Whole Earth Brands has a 1-year low of $9.65 and a 1-year high of $14.95.

Whole Earth Brands Company Profile

Act II Global Acquisition Corp. is a blank check company. It intends to focus on the business of following sector: consumer packaged goods, consumables and hospitality including restaurants. The company was founded on August 16, 2018 and is headquartered in New York, NY.

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Earnings History and Estimates for Whole Earth Brands (NASDAQ:FREE)

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