Brokerages forecast that Hostess Brands Inc (NASDAQ:TWNK) will post sales of $217.53 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hostess Brands’ earnings, with the lowest sales estimate coming in at $212.52 million and the highest estimate coming in at $223.30 million. Hostess Brands posted sales of $210.98 million in the same quarter last year, which suggests a positive year over year growth rate of 3.1%. The business is expected to report its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Hostess Brands will report full year sales of $895.34 million for the current financial year, with estimates ranging from $892.90 million to $900.00 million. For the next year, analysts expect that the business will post sales of $911.51 million, with estimates ranging from $887.98 million to $924.10 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Hostess Brands had a return on equity of 3.82% and a net margin of 5.89%. The business had revenue of $241.10 million for the quarter, compared to analyst estimates of $225.98 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 962,472 shares of Hostess Brands stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $13,474,608.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director C. Dean Metropoulos sold 455,400 shares of Hostess Brands stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Hostess Brands by 13.0% in the second quarter. Vanguard Group Inc. now owns 9,990,503 shares of the company’s stock valued at $144,262,000 after acquiring an additional 1,150,960 shares during the period. Champlain Investment Partners LLC boosted its stake in Hostess Brands by 5.8% in the first quarter. Champlain Investment Partners LLC now owns 7,884,750 shares of the company’s stock valued at $98,559,000 after acquiring an additional 434,800 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hostess Brands by 12.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,402,025 shares of the company’s stock valued at $70,037,000 after acquiring an additional 686,428 shares during the period. River Road Asset Management LLC boosted its stake in Hostess Brands by 2.1% in the first quarter. River Road Asset Management LLC now owns 6,211,047 shares of the company’s stock valued at $77,638,000 after acquiring an additional 129,894 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Hostess Brands by 66.1% in the second quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock valued at $64,568,000 after acquiring an additional 1,780,147 shares during the period. Institutional investors own 85.48% of the company’s stock.
Shares of NASDAQ TWNK traded up $0.24 during midday trading on Monday, reaching $13.96. 2,383,800 shares of the company’s stock were exchanged, compared to its average volume of 1,606,018. Hostess Brands has a 52-week low of $9.86 and a 52-week high of $14.86. The stock has a market capitalization of $1.77 billion, a PE ratio of 25.85 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.96 and a current ratio of 2.22. The business’s fifty day moving average price is $14.36 and its two-hundred day moving average price is $13.16.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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