() updated its FY23 earning guidance on Tuesday. The company gave a guidance for earnings per share (EPS), which ranged from $1.08 up to $1.13, as opposed to the consensus estimate at $1.10. The company provided revenue guidance between $1.412 billion and $1.439 billion or +4-6% year-on-year, as opposed to the consensus estimate of $1.43billion. Hostess Brands updated its FY2023 guidance from $1.08 to $1.13 EPS.
Wall Street analysts weigh in
TWNK was the subject of a number of research reports. UBS Group started coverage of shares of Hostess Brands on Sunday, 19th March in a research report. They assigned a neutral ranking and set a price target of $26.00 for the company. Credit Suisse Group lowered their price target on shares of Hostess Brands to $27.00 from $29.00 in a research report on Friday, 10th February. They also set an outperform ratings on the stock. In a report published on Thursday 16th March, Hostess Brands was covered. The stock was given a hold rating. In a report published on Friday, 28th April, Jefferies Financial Group raised their price target for shares of Hostess Brands, from $30.00 up to $31.00. Four analysts gave the stock a hold rating, and two others have given the company a buy rating. During Tuesday's midday trading, a share of дурал dipped by $0.13 to $26.21. The company's average volume is 863,787 shares, but the number of shares traded was 644,670. The company has a $3.50 billion market cap, a PE of 22.03, and a beta value of 0.63. The debt-to equity ratio for the company is 0.56. Its current ratio is 1.64, and its quick ratio is 1.34. The company's simple moving 50-day average is $24.97, and its simple moving two hundred-day average is $24.52. Hostess Brands's 1-year low is $19.00, and its 1-year high is $29.00.
The company last released its results on February 21st. The company's $0.24 per share earnings for the third quarter met analysts' expectations of $0.24. Revenue for the third quarter was $339.46 millions, which is higher than analysts' expectations. Hostess Brands's return on equity was 7.56%, and its net margin was 12.09%. Hostess Brands grew its quarterly revenue by 14.2% compared to the same period last year. In the same quarter last year, Hostess Brands earned $0.25 per share. Analysts expect Hostess Brands to post an average of 1.1 EPS in the current fiscal.
Hedge Funds weigh in on Hostess brands
Recently, several large investors changed their stock holdings. Advisor Group Holdings Inc. increased its Hostess Brands position by 6.8% during the first quarter. Advisor Group Holdings Inc. owns 12,838 of the company stock, worth $282,000, after buying an additional 815 during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new investment in Hostess Brands worth $957,000. Bank of New York Mellon Corp increased its holdings of Hostess Brands shares by 112,1% in the first quarter. Bank of New York Mellon Corp owns 1,463,670 of the company’s stock, worth $32,113,000. This is after buying an additional 773 528 shares. Citigroup Inc. increased its holdings of Hostess Brands shares by 204.5% in the first quarter. Citigroup Inc. owns 128,328 of the company stock, valued at $2.815,000, after purchasing an additional 86.182 shares during the last quarter. PNC Financial Group Inc. increased its stake in Hostess Brands in the first three months by 701,6%. PNC Financial Services Group Inc. owns 8,248 of the company’s stock, valued at $182,000, after buying an additional 7,219 in the last quarter.
Hostess Brands Company profile
Hostess Brands, Inc develops, manufactures, markets, sells, and distributes baked goods. The Snacking segment consists of sweet baked products, cookies, breads and buns and frozen retail items sold under the Hostess and Dolly Madison brands.
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