Hostess Brands (NASDAQ:TWNK – Get Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.93-0.98 for the period, compared to the consensus estimate of $0.97. The company issued revenue guidance of at least 12% (implying at least $1.28 billion), compared to the consensus revenue estimate of $1.23 billion.
Shares of NASDAQ TWNK traded up $0.04 during mid-day trading on Friday, hitting $21.93. 1,588,906 shares of the stock were exchanged, compared to its average volume of 1,226,407. The company has a market cap of $3.04 billion, a P/E ratio of 24.37 and a beta of 0.61. The stock’s fifty day simple moving average is $22.01 and its two-hundred day simple moving average is $20.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.11 and a current ratio of 2.38. Hostess Brands has a twelve month low of $15.10 and a twelve month high of $24.27.
Hostess Brands (NASDAQ:TWNK – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Hostess Brands had a net margin of 10.52% and a return on equity of 7.86%. The firm had revenue of $332.10 million for the quarter, compared to analysts’ expectations of $298.99 million. During the same period last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, equities research analysts predict that Hostess Brands will post 0.97 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Advisor Group Holdings Inc. increased its stake in Hostess Brands by 6.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 12,838 shares of the company’s stock valued at $282,000 after buying an additional 815 shares during the last quarter. BlackRock Inc. increased its stake in Hostess Brands by 8.4% in the 4th quarter. BlackRock Inc. now owns 11,829,994 shares of the company’s stock valued at $241,569,000 after buying an additional 917,894 shares during the last quarter. Deutsche Bank AG increased its stake in Hostess Brands by 7.4% in the 4th quarter. Deutsche Bank AG now owns 1,256,553 shares of the company’s stock valued at $25,659,000 after buying an additional 87,034 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Hostess Brands by 4.0% during the 4th quarter. California State Teachers Retirement System now owns 185,065 shares of the company’s stock worth $3,779,000 after purchasing an additional 7,197 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Hostess Brands by 3.6% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 34,958 shares of the company’s stock worth $714,000 after buying an additional 1,228 shares during the period.
About Hostess Brands (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)
- Three Stocks To Ride Out A Rough Market
- MarketBeat: Week in Review 5/2 – 5/6
- AMD (NASDAQ: AMD) Shines Green In A Sea Of Red
- Expedia or Bookings Holdings: Which Stock Should You Travel With?
- Is This The Bottom For Papa John’s International?
Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.