Zacks: Brokerages Anticipate Hostess Brands Inc (TWNK) to Announce $0.15 EPS

Equities research analysts expect that Hostess Brands Inc (NASDAQ:TWNK) will announce earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hostess Brands’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.12. Hostess Brands reported earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 66.7%. The firm is expected to report its next earnings report on Wednesday, November 14th.

On average, analysts expect that Hostess Brands will report full year earnings of $0.63 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.68. For the next financial year, analysts forecast that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.65 to $0.85. Zacks’ EPS averages are an average based on a survey of analysts that cover Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, August 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $215.85 million during the quarter, compared to analysts’ expectations of $219.50 million. Hostess Brands had a net margin of 28.58% and a return on equity of 3.87%.



Several analysts have issued reports on the company. Royal Bank of Canada cut Hostess Brands from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. BidaskClub cut Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Thursday, May 3rd. SunTrust Banks cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Vertical Research assumed coverage on Hostess Brands in a research note on Monday, May 21st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.67.

Hostess Brands traded down $0.36, hitting $11.73, on Tuesday, according to Marketbeat. 2,025,834 shares of the stock traded hands, compared to its average volume of 1,208,946. Hostess Brands has a twelve month low of $11.00 and a twelve month high of $15.40. The stock has a market capitalization of $1.57 billion, a P/E ratio of 22.38 and a beta of 0.21. The company has a quick ratio of 1.64, a current ratio of 2.03 and a debt-to-equity ratio of 0.64.

A number of hedge funds and other institutional investors have recently made changes to their positions in TWNK. Sun Life Financial INC acquired a new stake in Hostess Brands during the second quarter valued at approximately $110,000. Country Club Trust Company n.a. acquired a new stake in shares of Hostess Brands during the 2nd quarter worth approximately $144,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Hostess Brands during the 4th quarter worth approximately $167,000. SG Americas Securities LLC acquired a new stake in shares of Hostess Brands during the 2nd quarter worth approximately $181,000. Finally, Diversified Trust Co acquired a new stake in shares of Hostess Brands during the 2nd quarter worth approximately $192,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About Hostess Brands

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.

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

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