Hostess Brands (NASDAQ:TWNK) to Release Quarterly Earnings on Tuesday
Hostess Brands (NASDAQ:TWNK) is scheduled to announce its earnings results after the market closes on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $184.54 million for the quarter, compared to analyst estimates of $181.79 million. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. On average, analysts expect Hostess Brands to post $0.67 EPS for the current fiscal year and $0.74 EPS for the next fiscal year.
Shares of Hostess Brands (TWNK) opened at 15.025 on Monday. Hostess Brands has a 12 month low of $10.35 and a 12 month high of $17.18. The stock has a 50 day moving average of $15.94 and a 200-day moving average of $15.75. The company’s market cap is $1.49 billion.
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Several analysts recently issued reports on TWNK shares. Zacks Investment Research raised shares of 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 price target on shares of Hostess Brands and gave the company a “buy” rating in a research report on Wednesday, May 10th. Stephens started coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 price target for the company. BidaskClub raised shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG initiated coverage on shares of Hostess Brands in a research report on Monday, July 31st. They issued a “neutral” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have assigned 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 target price of $17.83.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 376,211 shares of Hostess Brands stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $16.70, for a total transaction of $6,282,723.70. Following the transaction, the insider now directly owns 214,000 shares of the company’s stock, valued at approximately $3,573,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Douglas Toler acquired 50,000 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were purchased at an average cost of $15.85 per share, for a total transaction of $792,500.00. Following the completion of the acquisition, the insider now directly owns 485,000 shares in the company, valued at $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
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