Flowers Foods (NYSE:FLO) Releases FY 2021 Earnings Guidance

Flowers Foods (NYSE:FLO) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.220-$1.260 for the period, compared to the Thomson Reuters consensus estimate of $1.190. The company issued revenue guidance of $4.30 billion-$4.34 billion, compared to the consensus revenue estimate of $4.28 billion.

Several brokerages have recently weighed in on FLO. Zacks Investment Research upgraded shares of Flowers Foods from a hold rating to a buy rating and set a $27.00 price objective on the stock in a report on Tuesday, November 9th. Truist Securities upped their price objective on shares of Flowers Foods from $25.00 to $30.00 and gave the stock a hold rating in a research report on Monday, November 15th. Finally, Truist increased their target price on shares of Flowers Foods from $25.00 to $30.00 and gave the company a hold rating in a research report on Monday, November 15th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Flowers Foods presently has an average rating of Hold and a consensus target price of $26.33.

Shares of Flowers Foods stock traded up $0.05 on Thursday, reaching $27.02. 1,122,358 shares of the company traded hands, compared to its average volume of 1,191,272. Flowers Foods has a 52 week low of $21.66 and a 52 week high of $27.62. The company has a 50 day moving average of $24.95 and a 200 day moving average of $24.37. The firm has a market capitalization of $5.71 billion, a PE ratio of 25.98 and a beta of 0.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.58 and a quick ratio of 1.34.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, November 12th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. Flowers Foods had a net margin of 5.10% and a return on equity of 19.97%. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, analysts anticipate that Flowers Foods will post 1.25 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 17th. Investors of record on Friday, December 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, December 2nd. Flowers Foods’s payout ratio is currently 80.77%.

About Flowers Foods

Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.

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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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