$0.24 Earnings Per Share Expected for Hostess Brands, Inc. (NASDAQ:TWNK) This Quarter

Wall Street brokerages expect Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) to announce earnings of $0.24 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Hostess Brands’ earnings, with estimates ranging from $0.22 to $0.27. Hostess Brands reported earnings per share of $0.23 during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Hostess Brands will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.96 to $1.01. For the next year, analysts anticipate that the company will report earnings of $1.08 per share, with EPS estimates ranging from $1.01 to $1.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hostess Brands.

Hostess Brands (NASDAQ:TWNK – Get Rating) last announced its quarterly earnings results 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. The business had revenue of $332.10 million for the quarter, compared to the consensus estimate of $298.99 million. Hostess Brands had a return on equity of 7.78% and a net margin of 10.52%. The business’s revenue was up 25.1% compared to the same quarter last year. During the same period last year, the business posted $0.20 EPS.

A number of research analysts have recently issued reports on the stock. Truist Financial lifted 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. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Saturday, March 5th. Credit Suisse Group raised their price objective on Hostess Brands from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, March 3rd. StockNews.com began coverage on Hostess Brands in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Hostess Brands from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, March 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Hostess Brands presently has an average rating of “Buy” and a consensus target price of $25.13.

In related news, insider Michael John Cramer sold 25,000 shares of Hostess Brands stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $22.15, for a total transaction of $553,750.00. Following the completion of the sale, the insider now owns 43,408 shares of the company’s stock, valued at $961,487.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC purchased a new position in Hostess Brands during the first quarter worth approximately $225,000. Point72 Hong Kong Ltd purchased a new stake in shares of Hostess Brands during the first quarter worth about $132,000. Quantbot Technologies LP raised its position in shares of Hostess Brands by 142.6% during the 1st quarter. Quantbot Technologies LP now owns 78,914 shares of the company’s stock worth $1,731,000 after purchasing an additional 46,392 shares during the last quarter. Earnest Partners LLC lifted its stake in Hostess Brands by 1.2% in the 1st quarter. Earnest Partners LLC now owns 1,322,305 shares of the company’s stock valued at $29,011,000 after buying an additional 15,765 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in Hostess Brands in the 1st quarter worth about $231,000.

Hostess Brands stock traded down $0.13 during trading hours on Friday, reaching $20.98. The stock had a trading volume of 1,477,839 shares, compared to its average volume of 2,172,988. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 23.31 and a beta of 0.61. The business’s 50 day moving average price is $22.10 and its 200-day moving average price is $20.57. Hostess Brands has a 52 week low of $15.10 and a 52 week high of $24.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 2.04.

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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