HOSTESS BRANDS (NASDAQ:TWNK) Expected to Post Quarterly Sales of $205.41 Million
Wall Street brokerages expect that HOSTESS BRANDS (NASDAQ:TWNK) will announce $205.41 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for HOSTESS BRANDS’s earnings, with the highest sales estimate coming in at $206.80 million and the lowest estimate coming in at $204.01 million. The company is expected to report its next earnings report on Tuesday, August 8th.
According to Zacks, analysts expect that HOSTESS BRANDS will report full-year sales of $205.41 million for the current year, with estimates ranging from $781.82 million to $790.50 million. For the next year, analysts forecast that the company will post sales of $826.36 million per share, with estimates ranging from $806.02 million to $846.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow HOSTESS BRANDS.
HOSTESS BRANDS (NASDAQ:TWNK) last announced its earnings results on Tuesday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $184.54 million during the quarter, compared to the consensus estimate of $181.79 million. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share.
TWNK has been the topic of several analyst reports. Zacks Investment Research raised HOSTESS BRANDS from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Deutsche Bank AG set a $19.00 target price on HOSTESS BRANDS and gave the company a “buy” rating in a research report on Wednesday, May 10th. Stephens initiated coverage on HOSTESS BRANDS in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 target price on the stock. Finally, BidaskClub raised HOSTESS BRANDS from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.40.
HOSTESS BRANDS (TWNK) opened at 16.14 on Friday. The company’s 50 day moving average price is $16.20 and its 200 day moving average price is $15.28. HOSTESS BRANDS has a 12 month low of $9.72 and a 12 month high of $17.18. The stock’s market cap is $1.60 billion.
In other HOSTESS BRANDS news, insider Cdm Hostess Class C, Llc sold 600,000 shares of the business’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $15.25, for a total value of $9,150,000.00. Following the sale, the insider now directly owns 521,739 shares in the company, valued at $7,956,519.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William Douglas Toler bought 50,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was purchased at an average price of $15.85 per share, for a total transaction of $792,500.00. Following the completion of the purchase, the insider now owns 485,000 shares of the company’s stock, valued at $7,687,250. The disclosure for this purchase can be found here. Insiders have sold 2,306,211 shares of company stock worth $36,107,924 over the last quarter. 25.50% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Apollo Management Holdings L.P. bought a new position in shares of HOSTESS BRANDS during the first quarter valued at $341,466,000. Wellington Management Group LLP boosted its position in HOSTESS BRANDS by 73.2% in the first quarter. Wellington Management Group LLP now owns 12,404,218 shares of the company’s stock valued at $196,854,000 after buying an additional 5,244,152 shares during the last quarter. Vanguard Group Inc. boosted its position in HOSTESS BRANDS by 834.4% in the first quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock valued at $67,711,000 after buying an additional 3,810,050 shares during the last quarter. Victory Capital Management Inc. boosted its position in HOSTESS BRANDS by 180.9% in the first quarter. Victory Capital Management Inc. now owns 3,871,572 shares of the company’s stock valued at $61,441,000 after buying an additional 2,493,140 shares during the last quarter. Finally, TD Asset Management Inc. acquired a new position in HOSTESS BRANDS during the first quarter valued at approximately $31,586,000. Hedge funds and other institutional investors own 87.15% of the company’s stock.
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