Flowers Foods, Inc. (NYSE:FLO) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings estimates for shares of Flowers Foods in a report issued on Thursday, May 17th. Jefferies Group analyst A. Jagdale anticipates that the company will post earnings per share of $0.32 for the quarter. Jefferies Group currently has a “Hold” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.36 EPS, FY2020 earnings at $1.24 EPS and FY2021 earnings at $1.35 EPS.
Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, May 16th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a return on equity of 15.87% and a net margin of 3.58%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 earnings per share.
Other analysts have also recently issued reports about the stock. TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Hilliard Lyons initiated coverage on shares of Flowers Foods in a report on Tuesday, April 3rd. They set a “buy” rating and a $25.00 target price for the company. KeyCorp restated a “buy” rating on shares of Flowers Foods in a report on Wednesday, March 28th. ValuEngine upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Pivotal Research reduced their target price on shares of Flowers Foods to $26.00 and set a “buy” rating for the company in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Flowers Foods currently has an average rating of “Hold” and an average price target of $22.33.
Shares of NYSE:FLO opened at $19.29 on Monday. The company has a market cap of $4.07 billion, a P/E ratio of 21.67, a price-to-earnings-growth ratio of 2.00 and a beta of 0.67. Flowers Foods has a 1-year low of $16.80 and a 1-year high of $22.82. The company has a quick ratio of 1.01, a current ratio of 1.43 and a debt-to-equity ratio of 0.63.
A number of institutional investors have recently bought and sold shares of FLO. McKinley Carter Wealth Services Inc. acquired a new position in Flowers Foods in the 1st quarter worth approximately $103,000. Truewealth LLC acquired a new position in Flowers Foods in the 4th quarter worth approximately $119,000. Advisor Group Inc. boosted its stake in Flowers Foods by 77.8% in the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock worth $132,000 after purchasing an additional 2,990 shares during the period. Quattro Financial Advisors LLC acquired a new position in Flowers Foods in the 1st quarter worth approximately $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Flowers Foods by 48.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after purchasing an additional 3,266 shares during the period. 65.87% of the stock is owned by hedge funds and other institutional investors.
In related news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the transaction, the insider now owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.20% of the company’s stock.
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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