Whole Earth Brands (FREE) Set to Announce Earnings on Tuesday

Whole Earth Brands (NASDAQ:FREEGet Rating) will be announcing its earnings results before the market opens on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Whole Earth Brands has set its FY 2022 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Whole Earth Brands (NASDAQ:FREEGet Rating) last released its quarterly earnings data on Monday, March 14th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Whole Earth Brands had a net margin of 0.02% and a return on equity of 7.92%. The business had revenue of $132.71 million during the quarter, compared to the consensus estimate of $139.27 million. During the same period last year, the business posted ($0.13) earnings per share. On average, analysts expect Whole Earth Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

FREE opened at $7.03 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.10 and a quick ratio of 0.70. The company’s 50-day moving average is $7.70 and its 200 day moving average is $9.64. Whole Earth Brands has a fifty-two week low of $6.64 and a fifty-two week high of $14.63.

Separately, Zacks Investment Research cut shares of Whole Earth Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $19.50.

Institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC bought a new position in Whole Earth Brands during the 4th quarter valued at about $1,208,000. Charles Schwab Investment Management Inc. increased its holdings in Whole Earth Brands by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 95,169 shares of the company’s stock worth $1,023,000 after acquiring an additional 2,763 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Whole Earth Brands by 58.8% during the 4th quarter. JPMorgan Chase & Co. now owns 94,396 shares of the company’s stock valued at $1,014,000 after buying an additional 34,966 shares in the last quarter. Invesco Ltd. grew its holdings in Whole Earth Brands by 48.0% during the 2nd quarter. Invesco Ltd. now owns 29,559 shares of the company’s stock valued at $428,000 after buying an additional 9,591 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Whole Earth Brands by 67.0% during the 4th quarter. Bank of America Corp DE now owns 37,504 shares of the company’s stock valued at $402,000 after acquiring an additional 15,040 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About Whole Earth Brands (Get Rating)

Whole Earth Brands, Inc operates as a food company worldwide. It operates through two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

Further Reading

Earnings History for Whole Earth Brands (NASDAQ:FREE)

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