$0.20 EPS Expected for Whole Earth Brands, Inc. (NASDAQ:FREE) This Quarter

Wall Street brokerages expect that Whole Earth Brands, Inc. (NASDAQ:FREE) will post $0.20 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Whole Earth Brands’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.15. Whole Earth Brands posted earnings of ($0.07) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 385.7%. The firm is expected to issue its next earnings results on Monday, November 15th.

On average, analysts expect that Whole Earth Brands will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.90 to $1.03. For the next financial year, analysts expect that the business will report earnings of $1.09 per share, with EPS estimates ranging from $1.03 to $1.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Whole Earth Brands.

A number of research analysts have recently issued reports on FREE shares. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price objective on shares of Whole Earth Brands in a report on Monday, August 30th. Canaccord Genuity began coverage on shares of Whole Earth Brands in a report on Wednesday, July 14th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research lowered shares of Whole Earth Brands from a “hold” rating to a “sell” rating in a report on Tuesday, August 10th. One analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, Whole Earth Brands has a consensus rating of “Buy” and a consensus price target of $18.86.

Shares of NASDAQ:FREE traded down $0.26 during mid-day trading on Wednesday, reaching $11.99. 3,390 shares of the company’s stock were exchanged, compared to its average volume of 326,502. Whole Earth Brands has a twelve month low of $7.71 and a twelve month high of $14.95. The business’s fifty day moving average price is $12.53 and its 200-day moving average price is $13.06. The firm has a market capitalization of $462.39 million, a price-to-earnings ratio of -29.17 and a beta of 0.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.87 and a current ratio of 2.33.

Several institutional investors have recently added to or reduced their stakes in FREE. FORA Capital LLC boosted its stake in Whole Earth Brands by 55.0% during the second quarter. FORA Capital LLC now owns 5,492 shares of the company’s stock worth $80,000 after buying an additional 1,949 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Whole Earth Brands by 8.4% during the first quarter. Squarepoint Ops LLC now owns 27,561 shares of the company’s stock valued at $359,000 after purchasing an additional 2,137 shares during the period. Brinker Capital Investments LLC boosted its stake in shares of Whole Earth Brands by 4.3% during the second quarter. Brinker Capital Investments LLC now owns 53,468 shares of the company’s stock valued at $775,000 after purchasing an additional 2,216 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Whole Earth Brands by 17.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 15,558 shares of the company’s stock valued at $203,000 after purchasing an additional 2,264 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Whole Earth Brands by 4.3% during the first quarter. Northern Trust Corp now owns 70,936 shares of the company’s stock valued at $925,000 after purchasing an additional 2,928 shares during the period. Hedge funds and other institutional investors own 74.44% of the company’s stock.

About Whole Earth Brands

Act II Global Acquisition Corp. is a blank check company. It intends to focus on the business of following sector: consumer packaged goods, consumables and hospitality including restaurants. The company was founded on August 16, 2018 and is headquartered in New York, NY.

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Earnings History and Estimates for Whole Earth Brands (NASDAQ:FREE)

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