Zacks: Analysts Expect Hostess Brands Inc (NASDAQ:TWNK) Will Announce Quarterly Sales of $215.84 Million

Analysts predict that Hostess Brands Inc (NASDAQ:TWNK) will announce $215.84 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hostess Brands’ earnings, with the lowest sales estimate coming in at $211.30 million and the highest estimate coming in at $220.38 million. Hostess Brands reported sales of $214.82 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 26th.

According to Zacks, analysts expect that Hostess Brands will report full year sales of $901.95 million for the current financial year, with estimates ranging from $896.70 million to $906.86 million. For the next fiscal year, analysts expect that the firm will post sales of $899.58 million, with estimates ranging from $893.00 million to $908.27 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $227.21 million for the quarter, compared to analyst estimates of $212.80 million. Hostess Brands had a return on equity of 4.19% and a net margin of 5.88%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.10 earnings per share.

TWNK has been the topic of several analyst reports. Morgan Stanley lifted their target price on Hostess Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hostess Brands in a report on Tuesday. SunTrust Banks cut their price target on Hostess Brands from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, BidaskClub upgraded shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Hostess Brands has a consensus rating of “Hold” and a consensus price target of $15.63.

A number of large investors have recently made changes to their positions in the stock. River Road Asset Management LLC boosted its holdings in Hostess Brands by 29.0% in the 3rd quarter. River Road Asset Management LLC now owns 9,431,101 shares of the company’s stock valued at $131,894,000 after purchasing an additional 2,119,335 shares in the last quarter. Millennium Management LLC raised its stake in shares of Hostess Brands by 1,923.7% during the 3rd quarter. Millennium Management LLC now owns 1,971,799 shares of the company’s stock worth $27,575,000 after buying an additional 1,874,364 shares in the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Hostess Brands by 15,688.3% in the 2nd quarter. Balyasny Asset Management LLC now owns 1,819,923 shares of the company’s stock valued at $26,280,000 after buying an additional 1,808,396 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Hostess Brands by 66.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock valued at $64,568,000 after buying an additional 1,780,147 shares during the period. Finally, Marshall Wace North America L.P. lifted its holdings in shares of Hostess Brands by 465.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 1,507,725 shares of the company’s stock valued at $21,773,000 after buying an additional 1,241,305 shares during the period.

TWNK opened at $13.95 on Wednesday. Hostess Brands has a 52 week low of $10.29 and a 52 week high of $14.86. The business has a 50 day moving average price of $13.22 and a two-hundred day moving average price of $13.78. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.75 billion, a PE ratio of 25.83 and a beta of 0.54.

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

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