Hostess Brands (NASDAQ:TWNK) – Equities research analysts at SunTrust Banks boosted their FY2017 EPS estimates for shares of Hostess Brands in a research report issued to clients and investors on Wednesday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $0.60 per share for the year, up from their prior estimate of $0.57. SunTrust Banks also issued estimates for Hostess Brands’ Q1 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.16 EPS and FY2018 earnings at $0.65 EPS.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis.
A number of other brokerages also recently weighed in on TWNK. Morgan Stanley started coverage on shares of Hostess Brands in a research report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective on the stock. UBS AG downgraded shares of Hostess Brands from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $16.00 to $11.00 in a research report on Friday, October 13th. J P Morgan Chase & Co started coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Hostess Brands in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $16.25.
Hostess Brands (NASDAQ:TWNK) opened at $12.63 on Monday. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in Hostess Brands by 31.3% in the third quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after acquiring an additional 2,316,041 shares during the period. Vanguard Group Inc. raised its position in Hostess Brands by 56.9% in the second quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after acquiring an additional 2,428,469 shares during the period. Victory Capital Management Inc. raised its position in Hostess Brands by 61.8% in the second quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after acquiring an additional 2,393,253 shares during the period. Franklin Resources Inc. bought a new position in Hostess Brands in the second quarter worth approximately $87,922,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Hostess Brands by 1.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,564,150 shares of the company’s stock worth $57,383,000 after acquiring an additional 63,550 shares during the period. Institutional investors and hedge funds own 75.60% of the company’s stock.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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