Hostess Brands (TWNK) to Release Earnings on Wednesday
Hostess Brands (NASDAQ:TWNK) will be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect Hostess Brands to post earnings of $0.13 per share for the quarter. Hostess Brands has set its FY17 guidance at $0.58 EPS.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The business had revenue of $203.18 million during the quarter, compared to the consensus estimate of $205.41 million. On average, analysts expect Hostess Brands to post $0.59 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Shares of Hostess Brands (TWNK) opened at 11.53 on Wednesday. The firm has a 50-day moving average price of $12.97 and a 200 day moving average price of $14.83. Hostess Brands has a one year low of $11.16 and a one year high of $17.18. The stock’s market capitalization is $1.15 billion.
In other Hostess Brands news, insider Michael John Cramer acquired 5,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $13.98 per share, with a total value of $69,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Douglas Toler acquired 75,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
Several equities analysts have weighed in on TWNK shares. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Thursday, July 13th. UBS AG started coverage on Hostess Brands in a research report on Monday, July 31st. They issued a “neutral” rating and a $16.00 price objective for the company. Royal Bank Of Canada started coverage on Hostess Brands in a research report on Monday, September 18th. They issued an “outperform” rating and a $16.00 price objective for the company. Morgan Stanley started coverage on Hostess Brands in a research report on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price objective for the company. Finally, J P Morgan Chase & Co started coverage on Hostess Brands in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.33.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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