News articles about Hostess Brands (NASDAQ:TWNK) have trended somewhat positive on Thursday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hostess Brands earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8636409001506 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Hostess Brands (NASDAQ TWNK) opened at $14.37 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88. Hostess Brands has a 1 year low of $11.00 and a 1 year high of $17.18.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. research analysts expect that Hostess Brands will post 0.6 EPS for the current fiscal year.
Several brokerages recently weighed in on TWNK. Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Morgan Stanley reduced their price target on shares of Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Royal Bank Of Canada reissued a “buy” rating and set a $16.00 price target on shares of Hostess Brands in a research report on Wednesday, October 25th. UBS downgraded shares of Hostess Brands from a “neutral” rating to a “sell” rating and reduced their price target for the company from $16.00 to $11.00 in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co began coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Hostess Brands presently has a consensus rating of “Buy” and an average target price of $16.25.
In other Hostess Brands news, CEO William Douglas Toler purchased 50,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the purchase, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at approximately $3,220,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Neil P. Defeo purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the purchase, the director now directly owns 16,482 shares in the company, valued at $213,606.72. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
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About Hostess Brands
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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