$211.17 Million in Sales Expected for Hostess Brands Inc (TWNK) This Quarter

Brokerages predict that Hostess Brands Inc (NASDAQ:TWNK) will report $211.17 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hostess Brands’ earnings, with estimates ranging from $209.19 million to $214.20 million. Hostess Brands reported sales of $196.22 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The company is scheduled to issue its next earnings results on Wednesday, February 27th.

On average, analysts expect that Hostess Brands will report full-year sales of $847.39 million for the current fiscal year, with estimates ranging from $844.77 million to $849.80 million. For the next fiscal year, analysts forecast that the company will post sales of $872.76 million, with estimates ranging from $858.00 million to $892.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $208.64 million. Hostess Brands had a net margin of 27.74% and a return on equity of 3.76%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS.

A number of research analysts have issued reports on TWNK shares. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. UBS Group set a $12.00 price objective on Hostess Brands and gave the company a “hold” rating in a research note on Thursday, November 8th. SunTrust Banks downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Citigroup set a $12.00 price objective on Hostess Brands and gave the company a “hold” rating in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.70.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sun Life Financial INC purchased a new position in shares of Hostess Brands during the 2nd quarter valued at $110,000. Country Club Trust Company n.a. purchased a new position in shares of Hostess Brands during the 2nd quarter valued at $144,000. SG Americas Securities LLC purchased a new position in shares of Hostess Brands during the 2nd quarter valued at $181,000. Stevens Capital Management LP purchased a new position in shares of Hostess Brands during the 3rd quarter valued at $156,000. Finally, Verition Fund Management LLC purchased a new position in shares of Hostess Brands during the 2nd quarter valued at $208,000. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:TWNK traded up $0.60 during trading on Monday, reaching $11.88. The company’s stock had a trading volume of 2,157,271 shares, compared to its average volume of 997,424. The company has a market capitalization of $1.47 billion, a PE ratio of 18.86 and a beta of 0.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 1.85. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $15.40.

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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