Hostess Brands (NASDAQ:TWNK – Get Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Hostess Brands has set its FY22 guidance at $0.93-0.98 EPS and its FY 2022 guidance at $0.930-$0.980 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
Hostess Brands (NASDAQ:TWNK – Get Rating) last released its quarterly earnings data on Tuesday, March 1st. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $297.20 million for the quarter, compared to analysts’ expectations of $282.89 million. Hostess Brands had a return on equity of 7.24% and a net margin of 10.45%. Hostess Brands’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 earnings per share. On average, analysts expect Hostess Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
TWNK opened at $22.29 on Wednesday. The stock has a market cap of $3.09 billion, a PE ratio of 26.54 and a beta of 0.68. The company has a current ratio of 2.38, a quick ratio of 2.11 and a debt-to-equity ratio of 0.64. Hostess Brands has a 1 year low of $15.07 and a 1 year high of $24.27. The stock’s 50 day simple moving average is $21.82 and its 200-day simple moving average is $20.16.
A number of research firms have recently issued reports on TWNK. Stephens boosted their price objective on Hostess Brands from $23.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Truist Financial upped their target price on shares of Hostess Brands from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, March 2nd. StockNews.com started coverage on shares of Hostess Brands in a report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group lifted their price target on shares of Hostess Brands from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, March 3rd. Finally, Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Saturday, March 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $24.88.
Hostess Brands Company Profile (Get Rating)
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
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