Wall Street analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce $0.26 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Flowers Foods’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.27. Flowers Foods reported earnings per share of $0.25 during the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The company is scheduled to report its next earnings report after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that Flowers Foods will report full year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.98 to $1.02. For the next financial year, analysts expect that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Flowers Foods.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 4.28% and a return on equity of 15.85%. Flowers Foods’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share.
Several equities analysts recently issued reports on the stock. ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Zacks Investment Research lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. grew its holdings in Flowers Foods by 1,406.3% in the first quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock worth $30,000 after purchasing an additional 1,336 shares during the last quarter. Advisory Services Network LLC grew its holdings in Flowers Foods by 138.4% in the second quarter. Advisory Services Network LLC now owns 1,323 shares of the company’s stock worth $31,000 after purchasing an additional 768 shares during the last quarter. GWM Advisors LLC grew its holdings in Flowers Foods by 101.6% in the first quarter. GWM Advisors LLC now owns 49,260 shares of the company’s stock worth $33,000 after purchasing an additional 24,825 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Flowers Foods in the second quarter worth $39,000. Finally, FMR LLC grew its holdings in Flowers Foods by 131.6% in the first quarter. FMR LLC now owns 2,279 shares of the company’s stock worth $49,000 after purchasing an additional 1,295 shares during the last quarter. 64.87% of the stock is currently owned by institutional investors and hedge funds.
FLO stock traded up $0.13 during trading on Friday, hitting $23.97. 873,851 shares of the company’s stock traded hands, compared to its average volume of 757,839. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 25.50 and a beta of 0.41. The stock’s fifty day moving average price is $23.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.92. Flowers Foods has a 1 year low of $17.78 and a 1 year high of $24.09.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.
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