Analysts Expect Hostess Brands Inc (NASDAQ:TWNK) Will Post Quarterly Sales of $217.53 Million

Wall Street analysts predict that Hostess Brands Inc (NASDAQ:TWNK) will post sales of $217.53 million for the current fiscal quarter, according to Zacks. 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 would indicate a positive year-over-year growth rate of 3.1%. The firm is scheduled to issue its next earnings results on Wednesday, November 6th.

On average, analysts expect that Hostess Brands will report full year sales of $895.34 million for the current year, with estimates ranging from $892.90 million to $900.00 million. For the next year, analysts forecast that the company will report sales of $911.51 million, with estimates ranging from $887.98 million to $924.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The company had revenue of $241.10 million for the quarter, compared to analyst estimates of $225.98 million. During the same quarter in the prior year, the business posted $0.14 EPS. Hostess Brands’s quarterly revenue was up 11.7% on a year-over-year basis.

Several research analysts have recently commented on TWNK shares. Evercore ISI started coverage on shares of Hostess Brands in a research note on Tuesday, June 11th. They set an “outperform” rating and a $16.00 price target on the stock. DA Davidson began coverage on shares of Hostess Brands in a research note on Wednesday, June 19th. They issued a “buy” rating and a $16.00 target price on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $14.00 target price on shares of Hostess Brands in a research note on Thursday, May 9th. Morgan Stanley raised their target price on shares of Hostess Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $17.00 target price on shares of Hostess Brands in a research note on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.78.

Shares of TWNK traded up $0.24 during mid-day trading on Monday, hitting $13.96. 2,383,800 shares of the company’s stock were exchanged, compared to its average volume of 1,606,018. The firm has a fifty day moving average of $14.36 and a two-hundred day moving average of $13.16. Hostess Brands has a twelve month low of $9.86 and a twelve month high of $14.86. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 25.85 and a beta of 0.55. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $13,474,608.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director C. Dean Metropoulos sold 455,400 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $6,375,600.00. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TWNK. Balyasny Asset Management LLC grew its position in 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 worth $26,280,000 after purchasing an additional 1,808,396 shares during the last quarter. Victory Capital Management Inc. grew its position in Hostess Brands by 66.1% in the 2nd quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock worth $64,568,000 after purchasing an additional 1,780,147 shares during the last quarter. Marshall Wace North America L.P. grew its position in 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 worth $21,773,000 after purchasing an additional 1,241,305 shares during the last quarter. Vanguard Group Inc. grew its position in Hostess Brands by 13.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,990,503 shares of the company’s stock worth $144,262,000 after purchasing an additional 1,150,960 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Hostess Brands by 1,102.2% in the 2nd quarter. Marshall Wace LLP now owns 1,184,360 shares of the company’s stock worth $17,102,000 after purchasing an additional 1,085,843 shares during the last quarter. Institutional investors own 85.48% 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 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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