Wall Street brokerages forecast that Hostess Brands (NASDAQ:TWNK) will announce $220.03 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hostess Brands’ earnings. The lowest sales estimate is $216.84 million and the highest is $224.05 million. Hostess Brands reported sales of $203.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to issue its next quarterly earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Hostess Brands will report full-year sales of $861.47 million for the current fiscal year, with estimates ranging from $846.93 million to $872.00 million. For the next fiscal year, analysts expect that the business will post sales of $894.81 million per share, with estimates ranging from $883.51 million to $905.80 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Hostess Brands.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $208.74 million during the quarter, compared to the consensus estimate of $200.77 million. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share.
Hostess Brands traded down $0.14, hitting $12.70, during trading on Monday, according to MarketBeat.com. The company’s stock had a trading volume of 910,749 shares, compared to its average volume of 878,467. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.64 and a current ratio of 1.94. The company has a market cap of $1.67 billion, a PE ratio of 20.16 and a beta of 0.24. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $17.03.
In other news, Director Craig D. Steeneck bought 13,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average price of $14.09 per share, with a total value of $183,170.00. Following the completion of the acquisition, the director now directly owns 308,257 shares of the company’s stock, valued at approximately $4,343,341.13. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 25.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB raised its position in Hostess Brands by 55.8% during the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock valued at $260,000 after acquiring an additional 6,300 shares in the last quarter. Legal & General Group Plc raised its position in Hostess Brands by 17.2% during the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock valued at $521,000 after acquiring an additional 5,161 shares in the last quarter. Kenmare Capital Partners L.L.C. raised its position in Hostess Brands by 153.9% during the first quarter. Kenmare Capital Partners L.L.C. now owns 315,541 shares of the company’s stock valued at $4,667,000 after acquiring an additional 191,259 shares in the last quarter. Millennium Management LLC purchased a new position in Hostess Brands during the first quarter valued at approximately $2,172,000. Finally, Guggenheim Capital LLC raised its position in Hostess Brands by 346.5% during the first quarter. Guggenheim Capital LLC now owns 393,685 shares of the company’s stock valued at $5,822,000 after acquiring an additional 305,518 shares in the last quarter. Institutional investors own 85.73% of the company’s stock.
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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