Hostess Brands (NASDAQ:TWNK) released its quarterly earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03, Bloomberg Earnings reports. The business had revenue of $196.22 million for the quarter, compared to the consensus estimate of $194.10 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. Hostess Brands’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. Hostess Brands updated its FY18 guidance to $0.65-0.70 EPS.
Hostess Brands (NASDAQ TWNK) traded down $0.80 during trading hours on Wednesday, reaching $12.24. 1,861,999 shares of the company were exchanged, compared to its average volume of 1,020,210. Hostess Brands has a 1-year low of $11.00 and a 1-year high of $17.18. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.
TWNK has been the topic of a number of recent research reports. Royal Bank of Canada restated a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a report on Friday, December 22nd. SunTrust Banks raised their price target on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. BidaskClub downgraded shares of Hostess Brands from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Finally, TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.38.
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Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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