Equities research analysts expect that Whole Earth Brands, Inc. (NASDAQ:FREE – Get Rating) will announce $130.72 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Whole Earth Brands’ earnings, with estimates ranging from $127.27 million to $133.00 million. Whole Earth Brands posted sales of $126.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Whole Earth Brands will report full-year sales of $533.34 million for the current financial year, with estimates ranging from $531.01 million to $535.00 million. For the next fiscal year, analysts expect that the business will report sales of $556.23 million, with estimates ranging from $548.99 million to $561.70 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Whole Earth Brands.
Whole Earth Brands (NASDAQ:FREE – Get Rating) last released its quarterly earnings results 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 return on equity of 6.97% and a net margin of 2.86%. The firm had revenue of $132.71 million for the quarter, compared to analyst estimates of $139.27 million. During the same period last year, the company earned ($0.13) EPS.
NASDAQ:FREE opened at $6.62 on Monday. Whole Earth Brands has a twelve month low of $6.03 and a twelve month high of $14.63. The company has a quick ratio of 0.70, a current ratio of 2.10 and a debt-to-equity ratio of 1.22. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $9.30. The company has a market cap of $274.94 million, a P/E ratio of 20.69 and a beta of 0.36.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Orchard Capital Managment LLC raised its stake in Whole Earth Brands by 0.7% in the 3rd quarter. Orchard Capital Managment LLC now owns 704,188 shares of the company’s stock valued at $8,133,000 after acquiring an additional 5,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Whole Earth Brands in the 4th quarter valued at $3,393,000. Goldman Sachs Group Inc. bought a new position in Whole Earth Brands during the 3rd quarter worth $2,300,000. Pacific Ridge Capital Partners LLC increased its position in Whole Earth Brands by 24.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 851,697 shares of the company’s stock worth $9,147,000 after buying an additional 167,860 shares during the period. Finally, Ionic Capital Management LLC increased its position in Whole Earth Brands by 66.8% during the 3rd quarter. Ionic Capital Management LLC now owns 321,235 shares of the company’s stock worth $3,710,000 after buying an additional 128,660 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.
Whole Earth Brands Company Profile (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.
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