Brokerages Anticipate Whole Earth Brands, Inc. (NASDAQ:FREE) Will Announce Quarterly Sales of $129.72 Million

Analysts expect Whole Earth Brands, Inc. (NASDAQ:FREEGet Rating) to report sales of $129.72 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Whole Earth Brands’ earnings. The lowest sales estimate is $127.27 million and the highest is $131.90 million. Whole Earth Brands reported sales of $126.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Whole Earth Brands will report full year sales of $534.34 million for the current year, with estimates ranging from $531.01 million to $537.00 million. For the next fiscal year, analysts forecast that the firm will post sales of $556.56 million, with estimates ranging from $548.99 million to $561.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Whole Earth Brands.

Whole Earth Brands (NASDAQ:FREEGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Whole Earth Brands had a net margin of 2.86% and a return on equity of 6.80%. The business had revenue of $130.59 million for the quarter, compared to analysts’ expectations of $127.22 million.

Separately, Zacks Investment Research downgraded shares of Whole Earth Brands from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $19.50.

Several large investors have recently bought and sold shares of FREE. Steward Partners Investment Advisory LLC raised its position in Whole Earth Brands by 27.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,161 shares of the company’s stock valued at $51,000 after acquiring an additional 1,548 shares in the last quarter. Rhumbline Advisers raised its stake in Whole Earth Brands by 5.1% in the 1st quarter. Rhumbline Advisers now owns 44,144 shares of the company’s stock valued at $316,000 after acquiring an additional 2,153 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Whole Earth Brands by 2.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 97,764 shares of the company’s stock valued at $700,000 after buying an additional 2,595 shares in the last quarter. Radnor Capital Management LLC grew its stake in Whole Earth Brands by 3.9% during the fourth quarter. Radnor Capital Management LLC now owns 71,665 shares of the company’s stock worth $770,000 after purchasing an additional 2,675 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Whole Earth Brands by 9.1% during the 3rd quarter. Invesco Ltd. now owns 32,252 shares of the company’s stock worth $373,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 87.22% of the company’s stock.

FREE opened at $6.99 on Monday. The company has a quick ratio of 1.09, a current ratio of 3.20 and a debt-to-equity ratio of 1.21. Whole Earth Brands has a 52 week low of $6.03 and a 52 week high of $14.63. The firm has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $8.72. The company has a market capitalization of $292.96 million, a PE ratio of 21.84 and a beta of 0.36.

About Whole Earth Brands (Get Rating)

Whole Earth Brands, Inc operates as a food company worldwide. It operates through two segments, Branded CPG and Flavors & Ingredients. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, natural, no-sugar added, and plant-based products.

Recommended Stories

Get a free copy of the Zacks research report on Whole Earth Brands (FREE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Whole Earth Brands (NASDAQ:FREE)

Want More Great Investing Ideas?

Receive News & Ratings for Whole Earth Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whole Earth Brands and related companies with MarketBeat.com's FREE daily email newsletter.