Q1 2017 EPS Estimates for Hostess Brands, Inc. (TWNK) Reduced by Analyst
Hostess Brands, Inc. (NASDAQ:TWNK) – Equities research analysts at SunTrust Banks cut their Q1 2017 EPS estimates for shares of Hostess Brands in a note issued to investors on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the brokerage will earn $0.15 per share for the quarter, down from their previous estimate of $0.18. SunTrust Banks also issued estimates for Hostess Brands’ Q2 2017 earnings at $0.19 EPS, Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at $0.68 EPS and FY2018 earnings at $0.74 EPS.
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Several other research analysts have also recently weighed in on the stock. CL King started coverage on shares of Hostess Brands in a research report on Tuesday, February 14th. They issued a “strong-buy” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Friday. Finally, Deutsche Bank AG started coverage on shares of Hostess Brands in a research report on Wednesday, February 15th. They issued a “buy” rating and a $18.00 price objective for the company.
Shares of Hostess Brands (NASDAQ:TWNK) opened at 16.17 on Monday. Hostess Brands has a 1-year low of $9.50 and a 1-year high of $16.48. The company’s market capitalization is $186.65 million. The stock’s 50 day moving average price is $15.19 and its 200 day moving average price is $12.91.
In related news, major shareholder Gores Sponsor Llc sold 475,803 shares of the business’s stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $13.47, for a total value of $6,409,066.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 31.20% of the company’s stock.
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