Flowers Foods (NYSE:FLO) Updates FY18 Earnings Guidance

Flowers Foods (NYSE:FLO) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.04-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96. The company issued revenue guidance of $3.92-3.98 billion, compared to the consensus revenue estimate of $3.93 billion.

A number of brokerages have recently commented on FLO. Stephens reaffirmed a hold rating and set a $20.00 price target on shares of Flowers Foods in a research report on Friday, February 9th. Pivotal Research dropped their price objective on Flowers Foods to $26.00 and set a buy rating on the stock in a report on Thursday, February 8th. TheStreet raised Flowers Foods from a c+ rating to a b rating in a report on Wednesday, February 7th. Zacks Investment Research cut Flowers Foods from a hold rating to a sell rating in a report on Thursday, February 8th. Finally, BMO Capital Markets reissued a hold rating and set a $19.00 price objective on shares of Flowers Foods in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Flowers Foods presently has an average rating of Hold and a consensus target price of $21.00.

Shares of Flowers Foods (NYSE FLO) traded up $0.19 on Wednesday, reaching $20.86. The company had a trading volume of 1,827,345 shares, compared to its average volume of 1,390,000. The stock has a market cap of $4,370.00, a PE ratio of 29.38, a price-to-earnings-growth ratio of 3.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.27 and a quick ratio of 1.01. Flowers Foods has a twelve month low of $16.80 and a twelve month high of $20.98.

Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $873.60 million for the quarter, compared to analyst estimates of $860.34 million. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS. research analysts predict that Flowers Foods will post 1.07 earnings per share for the current year.

In other Flowers Foods news, insider Tonja W. Taylor sold 4,960 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total value of $97,067.20. Following the transaction, the insider now directly owns 22,055 shares in the company, valued at approximately $431,616.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen R. Avera sold 68,908 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total value of $1,331,991.64. Following the completion of the transaction, the insider now owns 553,989 shares in the company, valued at $10,708,607.37. The disclosure for this sale can be found here. Insiders sold a total of 189,935 shares of company stock worth $3,679,598 over the last 90 days. Corporate insiders own 15.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Flowers Foods (NYSE:FLO) Updates FY18 Earnings Guidance” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/14/flowers-foods-flo-releases-fy18-earnings-guidance.html.

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.

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

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

Leave a Reply