Wall Street brokerages expect Hostess Brands Inc (NASDAQ:TWNK) to announce sales of $217.53 million for the current quarter, according to Zacks. Four analysts have made estimates for Hostess Brands’ earnings. The highest sales estimate is $223.30 million and the lowest is $212.52 million. Hostess Brands posted sales of $210.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The firm is expected to issue its next earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Hostess Brands will report full year sales of $895.34 million for the current financial year, with estimates ranging from $892.90 million to $900.00 million. For the next year, analysts expect that the business 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 analysts that cover Hostess Brands.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (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 firm had revenue of $241.10 million for the quarter, compared to analyst estimates of $225.98 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year.

Several analysts have issued reports on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $17.00 price target on shares of Hostess Brands in a research report on Thursday, August 8th. Morgan Stanley upped their price target on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $14.00 price target on shares of Hostess Brands in a research report on Thursday, May 9th. Evercore ISI assumed coverage on shares of Hostess Brands in a research report on Tuesday, June 11th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, TheStreet lowered shares of Hostess Brands from a “b” rating to a “f” rating in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.78.

In related news, Director C. Dean Metropoulos sold 1,834,300 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the transaction, the director now directly owns 458,939 shares in the company, valued at $6,108,478.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the transaction, the insider now owns 6,165,700 shares in the company, valued at $82,065,467. The disclosure for this sale can be found here. 24.60% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC acquired a new position in shares of Hostess Brands in the second quarter valued at about $29,000. Quantamental Technologies LLC acquired a new position in shares of Hostess Brands in the second quarter valued at about $40,000. CENTRAL TRUST Co acquired a new position in shares of Hostess Brands in the second quarter valued at about $51,000. Financial Gravity Wealth Inc. grew its stake in shares of Hostess Brands by 334.1% in the second quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock valued at $88,000 after acquiring an additional 4,684 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Hostess Brands in the first quarter valued at about $102,000. Institutional investors and hedge funds own 85.48% of the company’s stock.

NASDAQ TWNK traded up $0.10 on Monday, hitting $13.71. 74,736 shares of the stock were exchanged, compared to its average volume of 1,188,767. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.96. The business has a fifty day simple moving average of $14.38. Hostess Brands has a 52 week low of $9.86 and a 52 week high of $14.86. The stock has a market capitalization of $1.87 billion, a P/E ratio of 25.41 and a beta of 0.55.

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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