Hostess Brands, Inc. (NASDAQ:TWNK) – Equities research analysts at SunTrust Banks reduced their Q1 2017 earnings estimates for shares of Hostess Brands in a report released on Wednesday. SunTrust Banks analyst W. Chappell now forecasts that the firm will post earnings of $0.15 per share for the quarter, down from their previous forecast 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.
TWNK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Tuesday, February 7th. CL King began coverage on shares of Hostess Brands in a report on Tuesday, February 14th. They issued a “strong-buy” rating and a $20.00 price objective for the company. Finally, Deutsche Bank AG began coverage on shares of Hostess Brands in a report on Wednesday, February 15th. They issued a “buy” rating and a $18.00 price objective for the company.
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Hostess Brands (NASDAQ:TWNK) opened at 16.17 on Monday. Hostess Brands has a one year low of $9.50 and a one year high of $16.48. The stock’s 50 day moving average is $15.19 and its 200-day moving average is $12.91. The firm’s market capitalization is $186.65 million.
In other Hostess Brands news, major shareholder Gores Sponsor Llc sold 475,803 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 31.20% of the stock is currently owned by corporate insiders.
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