Brokerages Expect Hostess Brands Inc (TWNK) to Post $0.14 EPS
Brokerages predict that Hostess Brands Inc (NASDAQ:TWNK) will post earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hostess Brands’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.11. Hostess Brands posted earnings of $0.17 per share in the same quarter last year, which suggests a negative year over year growth rate of 17.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that Hostess Brands will report full year earnings of $0.52 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $0.53. For the next financial year, analysts expect that the firm will post earnings of $0.64 per share, with EPS estimates ranging from $0.59 to $0.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Hostess Brands.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Hostess Brands from a “hold” rating to a “sell” rating in a report on Saturday, November 17th. BidaskClub downgraded Hostess Brands from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Finally, Royal Bank of Canada lowered their price target on Hostess Brands from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday, November 8th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $14.11.
Shares of TWNK stock opened at $11.59 on Friday. Hostess Brands has a 1-year low of $9.86 and a 1-year high of $14.98. The company has a current ratio of 2.13, a quick ratio of 1.85 and a debt-to-equity ratio of 0.64. The firm has a market cap of $1.51 billion, a PE ratio of 18.40 and a beta of 0.49.
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 coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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