Hostess Brands (NASDAQ:TWNK) released its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01, Briefing.com reports. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The company had revenue of $227.21 million for the quarter, compared to analyst estimates of $212.80 million. During the same quarter last year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Hostess Brands updated its FY19 guidance to $0.58-0.61 EPS.
Shares of Hostess Brands stock traded up $0.39 during midday trading on Thursday, hitting $13.15. The company had a trading volume of 2,968,400 shares, compared to its average volume of 1,142,405. The business’s 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $13.76. The stock has a market cap of $1.67 billion, a PE ratio of 24.35 and a beta of 0.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.96. Hostess Brands has a 1-year low of $10.29 and a 1-year high of $14.86.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. TheStreet downgraded shares of Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday, July 18th. BidaskClub downgraded shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 24th. SunTrust Banks lowered their price objective on shares of Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley raised their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Hostess Brands has a consensus rating of “Hold” and an average price target of $14.80.
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 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.
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