Hostess Brands Inc (NASDAQ:TWNK) – Investment analysts at SunTrust Banks issued their FY2021 earnings estimates for Hostess Brands in a research report issued to clients and investors on Wednesday, November 6th, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell expects that the company will post earnings per share of $0.78 for the year. SunTrust Banks currently has a “Hold” rating and a $16.00 price target on the stock.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Hostess Brands had a net margin of 5.88% and a return on equity of 4.19%. The firm had revenue of $227.21 million during the quarter, compared to analyst estimates of $212.80 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, November 9th. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.50.
Shares of TWNK stock traded down $0.12 during trading hours on Friday, reaching $13.45. The company had a trading volume of 287,559 shares, compared to its average volume of 1,122,540. The business has a fifty day moving average price of $13.21 and a 200-day moving average price of $13.78. Hostess Brands has a one year low of $10.29 and a one year high of $14.86. The firm has a market cap of $1.77 billion, a PE ratio of 24.91 and a beta of 0.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 2.73.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC purchased a new position in shares of Hostess Brands in the second quarter worth approximately $29,000. Quantamental Technologies LLC purchased a new position in shares of Hostess Brands in the second quarter worth approximately $40,000. Cascade Investment Advisors Inc. boosted its holdings in shares of Hostess Brands by 312.5% in the third quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock worth $46,000 after buying an additional 2,500 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Hostess Brands in the second quarter worth approximately $51,000. Finally, Financial Gravity Wealth Inc. boosted its holdings 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 worth $88,000 after buying an additional 4,684 shares during the last quarter.
Hostess Brands Company Profile
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.