Hostess Brands (NASDAQ:TWNK – Get Rating) posted its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04, MarketWatch Earnings reports. The business had revenue of $332.10 million during the quarter, compared to the consensus estimate of $298.99 million. Hostess Brands had a net margin of 10.45% and a return on equity of 7.24%. Hostess Brands’s revenue was up 25.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. Hostess Brands updated its FY22 guidance to $0.93-0.98 EPS.
NASDAQ TWNK opened at $22.57 on Thursday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 26.87 and a beta of 0.61. The company has a 50-day simple moving average of $22.00 and a two-hundred day simple moving average of $20.33. The company has a quick ratio of 2.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. Hostess Brands has a 12-month low of $15.10 and a 12-month high of $24.27.
A number of equities research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Hostess Brands from $22.00 to $24.00 in a research note on Tuesday, January 11th. StockNews.com began coverage on shares of Hostess Brands in a research note on Thursday, March 31st. They issued a “hold” rating for the company. JPMorgan Chase & Co. increased their target price on Hostess Brands from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Hostess Brands from $21.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday, March 2nd. Finally, Truist Financial upped their price objective on shares of Hostess Brands from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target 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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