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.

COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2017/07/09/hostess-brands-nasdaqtwnk-expected-to-post-quarterly-sales-of-205-41-million.html.

Get a free copy of the Zacks research report on HOSTESS BRANDS (TWNK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for HOSTESS BRANDS (NASDAQ:TWNK)

Receive News & Ratings for HOSTESS BRANDS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HOSTESS BRANDS and related companies with MarketBeat.com's FREE daily email newsletter.