Hostess Brands (TWNK) Releases FY17 Earnings Guidance
Hostess Brands (NASDAQ:TWNK) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.58 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $781, compared to the consensus revenue estimate of $781.26 million.
Hostess Brands (TWNK) traded down 1.37% during midday trading on Tuesday, reaching $15.11. The company had a trading volume of 1,646,730 shares. The firm has a 50-day moving average of $15.82 and a 200-day moving average of $15.73. Hostess Brands has a 12 month low of $10.35 and a 12 month high of $17.18. The stock’s market cap is $1.50 billion.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by $0.01. On average, equities analysts expect that Hostess Brands will post $0.64 EPS for the current fiscal year.
Several research analysts have commented on TWNK shares. Deutsche Bank AG set a $19.00 price objective on shares of Hostess Brands and gave the company a buy rating in a research report on Wednesday, May 10th. UBS AG started coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a neutral rating and a $16.00 price objective for the company. Stephens started coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They set an overweight rating and a $20.00 price objective for the company. Zacks Investment Research downgraded shares of Hostess Brands from a hold rating to a sell rating in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded shares of Hostess Brands from a hold rating to a buy rating in a research report on Friday, June 9th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $17.83.
In related news, insider William Douglas Toler purchased 50,000 shares of the stock in a transaction dated Wednesday, May 31st. The stock was bought 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 owns 485,000 shares of the company’s stock, valued at $7,687,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total transaction of $5,425,200.00. Following the transaction, the insider now owns 195,000 shares of the company’s stock, valued at $3,205,800. The disclosure for this sale can be found here. 25.50% of the stock is currently owned by corporate insiders.
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