FY2018 Earnings Estimate for Flowers Foods, Inc. Issued By SunTrust Banks (FLO)

Flowers Foods, Inc. (NYSE:FLO) – Research analysts at SunTrust Banks upped their FY2018 EPS estimates for shares of Flowers Foods in a note issued to investors on Monday, Zacks Investment Research reports. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $1.11 per share for the year, up from their prior forecast of $0.91. SunTrust Banks has a “Hold” rating and a $20.00 price objective on the stock.

Other analysts also recently issued research reports about the stock. Pivotal Research upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, November 9th. Zacks Investment Research downgraded shares of Flowers Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. BMO Capital Markets restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, November 2nd. Finally, TheStreet downgraded shares of Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $21.20.

Shares of Flowers Foods (FLO) opened at $19.59 on Wednesday. The company has a market cap of $4,112.54, a PE ratio of 48.98, a PEG ratio of 3.32 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. Flowers Foods has a 1-year low of $16.80 and a 1-year high of $21.00.

Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The company had revenue of $932.80 million during the quarter, compared to the consensus estimate of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share.

In other news, CFO R Steve Kinsey sold 116,067 shares of Flowers Foods stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total value of $2,250,539.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Allen L. Shiver sold 177,081 shares of Flowers Foods stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $3,364,539.00. Following the completion of the transaction, the chief executive officer now owns 978,353 shares of the company’s stock, valued at approximately $18,588,707. The disclosure for this sale can be found here. Insiders have sold 448,016 shares of company stock valued at $8,588,807 in the last 90 days. 15.81% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Shields Capital Management LLC increased its stake in shares of Flowers Foods by 106.7% in the third quarter. Wellington Shields Capital Management LLC now owns 14,794,716 shares of the company’s stock worth $278,289,000 after purchasing an additional 7,638,437 shares in the last quarter. State Street Corp increased its stake in shares of Flowers Foods by 1.1% in the second quarter. State Street Corp now owns 4,781,357 shares of the company’s stock worth $82,762,000 after purchasing an additional 53,592 shares in the last quarter. Hamlin Capital Management LLC increased its stake in shares of Flowers Foods by 15.8% in the third quarter. Hamlin Capital Management LLC now owns 3,860,784 shares of the company’s stock worth $72,621,000 after purchasing an additional 525,394 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Flowers Foods by 16.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,387,499 shares of the company’s stock worth $44,908,000 after purchasing an additional 333,384 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in shares of Flowers Foods by 0.6% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,160,859 shares of the company’s stock worth $37,404,000 after purchasing an additional 12,272 shares in the last quarter. Hedge funds and other institutional investors own 66.38% 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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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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