Wall Street analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce $0.30 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flowers Foods’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.28. Flowers Foods reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The company is expected to announce its next quarterly earnings report on Wednesday, May 16th.
According to Zacks, analysts expect that Flowers Foods will report full-year earnings of $1.07 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.00 to $1.16. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, February 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. Flowers Foods’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS.
Several analysts have commented on FLO shares. Zacks Investment Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, November 13th. TheStreet cut shares of Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. BMO Capital Markets lifted their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, November 15th. Pivotal Research reiterated a “buy” rating and issued a $26.00 price target (up previously from $23.00) on shares of Flowers Foods in a report on Friday, January 12th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.33.
Flowers Foods (FLO) traded down $0.23 during mid-day trading on Tuesday, reaching $20.98. 1,252,880 shares of the company’s stock traded hands, compared to its average volume of 1,393,474. The stock has a market cap of $4,473.34, a PE ratio of 29.55, a P/E/G ratio of 3.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.01. Flowers Foods has a 12-month low of $16.80 and a 12-month high of $21.46.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.24%. Flowers Foods’s dividend payout ratio (DPR) is presently 95.77%.
In other Flowers Foods news, CFO R Steve Kinsey sold 116,067 shares of Flowers Foods stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total value of $2,250,539.13. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.81% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its holdings in shares of Flowers Foods by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 673,943 shares of the company’s stock valued at $12,677,000 after acquiring an additional 45,909 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Flowers Foods during the 3rd quarter valued at $1,881,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Flowers Foods by 8.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,640,892 shares of the company’s stock valued at $30,866,000 after acquiring an additional 122,709 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Flowers Foods by 21.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 885,566 shares of the company’s stock valued at $16,658,000 after acquiring an additional 159,029 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Flowers Foods during the 3rd quarter valued at $367,000. Institutional investors and hedge funds own 63.34% of the company’s stock.
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Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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