Hostess Brands (NASDAQ:TWNK) Releases FY22 Earnings Guidance

Hostess Brands (NASDAQ:TWNKGet 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:TWNKGet 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 equities analysts have issued reports on TWNK shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Hostess Brands from $21.00 to $23.00 and gave the company a hold rating in a research note on Wednesday, March 2nd. Zacks Investment Research cut shares of Hostess Brands from a buy rating to a hold rating in a research report on Saturday, March 5th. Morgan Stanley lifted their price target on shares of Hostess Brands from $22.00 to $24.00 in a research report on Tuesday, January 11th. Citigroup lifted their price target on shares of Hostess Brands from $26.00 to $28.00 in a research report on Thursday. Finally, Truist Financial lifted their price target 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $25.13.

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.

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Earnings History and Estimates for Hostess Brands (NASDAQ:TWNK)

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