Wall Street brokerages forecast that Flowers Foods, Inc. (NYSE:FLO) will announce earnings of $0.28 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Flowers Foods’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.29. Flowers Foods posted earnings per share of $0.24 in the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The business is expected to issue its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Flowers Foods will report full year earnings of $1.07 per share for the current year, with EPS estimates ranging from $1.05 to $1.09. For the next financial year, analysts expect that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.10 to $1.16. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, May 16th. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. Flowers Foods’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share.
Several research firms recently weighed in on FLO. ValuEngine upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Deutsche Bank set a $24.00 target price on Flowers Foods and gave the company a “hold” rating in a research report on Tuesday, April 17th. Jefferies Group reiterated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, May 17th. Finally, Hilliard Lyons began coverage on Flowers Foods in a research report on Tuesday, April 3rd. They set a “buy” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.
NYSE FLO opened at $19.82 on Thursday. The firm has a market cap of $4.11 billion, a P/E ratio of 22.27, a P/E/G ratio of 2.03 and a beta of 0.67. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.63. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two week high of $22.82.
In other Flowers Foods news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total transaction of $221,655.00. Following the sale, the insider now directly owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.20% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of FLO. McKinley Carter Wealth Services Inc. bought a new stake in Flowers Foods during the first quarter valued at about $103,000. Truewealth LLC bought a new stake in Flowers Foods during the fourth quarter valued at about $119,000. Advisor Group Inc. raised its holdings in Flowers Foods by 77.8% during the fourth quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock valued at $132,000 after acquiring an additional 2,990 shares during the period. Quattro Financial Advisors LLC bought a new stake in Flowers Foods during the first quarter valued at about $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Flowers Foods by 48.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock valued at $193,000 after acquiring an additional 3,266 shares during the period. 66.27% of the stock is currently owned by institutional investors and hedge funds.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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