Equities research analysts forecast that Hostess Brands Inc (NASDAQ:TWNK) will report $210.64 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Hostess Brands’ earnings, with the highest sales estimate coming in at $214.20 million and the lowest estimate coming in at $208.54 million. Hostess Brands reported sales of $196.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The firm is scheduled to announce its next earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Hostess Brands will report full year sales of $846.35 million for the current fiscal year, with estimates ranging from $844.12 million to $849.80 million. For the next financial year, analysts expect that the business will post sales of $871.71 million, with estimates ranging from $858.00 million to $888.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hostess Brands.

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

Several equities research analysts recently commented on TWNK shares. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Citigroup set a $12.00 price objective on Hostess Brands and gave the stock a “hold” rating in a report on Monday, November 12th. UBS Group set a $12.00 price objective on Hostess Brands and gave the stock a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, JPMorgan Chase & Co. upgraded Hostess Brands from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.70.

NASDAQ TWNK traded down $0.17 during trading hours on Monday, hitting $11.71. The company’s stock had a trading volume of 1,238,913 shares, compared to its average volume of 721,417. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $15.40. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.59 and a beta of 0.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.85 and a current ratio of 2.13.

Institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its stake in shares of Hostess Brands by 4.0% during the 2nd quarter. Voya Investment Management LLC now owns 1,461,761 shares of the company’s stock valued at $19,880,000 after purchasing an additional 55,551 shares during the period. Nomura Holdings Inc. grew its stake in shares of Hostess Brands by 64.1% during the 2nd quarter. Nomura Holdings Inc. now owns 102,448 shares of the company’s stock valued at $1,393,000 after purchasing an additional 40,000 shares during the period. Sei Investments Co. grew its stake in shares of Hostess Brands by 9.3% during the 2nd quarter. Sei Investments Co. now owns 581,569 shares of the company’s stock valued at $7,910,000 after purchasing an additional 49,463 shares during the period. SG Americas Securities LLC bought a new stake in shares of Hostess Brands during the 2nd quarter valued at about $181,000. Finally, Wells Fargo & Company MN grew its stake in shares of Hostess Brands by 28.8% during the 2nd quarter. Wells Fargo & Company MN now owns 1,669,338 shares of the company’s stock valued at $22,704,000 after purchasing an additional 373,487 shares during the period. Institutional investors and hedge funds own 85.15% 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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Earnings History and Estimates for Hostess Brands (NASDAQ:TWNK)

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