Equities research analysts predict that Flowers Foods (NYSE:FLO) will post earnings per share of $0.30 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Flowers Foods’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. Flowers Foods posted earnings of $0.25 per share in the same quarter last year, which indicates a positive year over year growth rate of 20%. The business is expected to report its next quarterly earnings results on Wednesday, May 16th.
On average, analysts expect that Flowers Foods will report full year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts expect that the firm will report earnings of $1.15 per share, with EPS estimates ranging from $1.10 to $1.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The business had revenue of $873.60 million for the quarter, compared to the consensus estimate of $860.34 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis.
Several brokerages have recently weighed in on FLO. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Deutsche Bank set a $24.00 target price on shares of Flowers Foods and gave the company a “hold” rating in a research note on Tuesday, April 17th. Pivotal Research restated a “buy” rating and issued a $26.00 price target (up from $23.00) on shares of Flowers Foods in a report on Friday, January 12th. Finally, KeyCorp started coverage on shares of Flowers Foods in a report on Tuesday, March 27th. They issued an “overweight” rating and a $24.00 price target on the stock. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.33.
In other news, insider David M. Roach sold 10,500 shares of the company’s stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the transaction, the insider now directly owns 67,801 shares in the company, valued at $1,431,279.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 15.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Flowers Foods by 2.9% in the fourth quarter. BlackRock Inc. now owns 14,983,444 shares of the company’s stock worth $289,330,000 after purchasing an additional 416,393 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of Flowers Foods by 143.3% in the fourth quarter. Koch Industries Inc. now owns 44,200 shares of the company’s stock worth $854,000 after purchasing an additional 26,030 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Flowers Foods by 48.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after acquiring an additional 3,266 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Flowers Foods by 9.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,090,530 shares of the company’s stock worth $40,368,000 after acquiring an additional 180,214 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Flowers Foods by 7.5% during the 3rd quarter. Legal & General Group Plc now owns 242,520 shares of the company’s stock worth $4,562,000 after acquiring an additional 16,816 shares in the last quarter. Hedge funds and other institutional investors own 62.24% of the company’s stock.
Shares of FLO opened at $22.25 on Thursday. Flowers Foods has a twelve month low of $16.80 and a twelve month high of $22.82. The firm has a market capitalization of $4,705.01, a PE ratio of 25.00, a PEG ratio of 3.40 and a beta of 0.67. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.
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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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