Equities research analysts expect that Flowers Foods, Inc. (NYSE:FLO) will post earnings per share of $0.15 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Flowers Foods’ earnings, with estimates ranging from $0.14 to $0.16. Flowers Foods posted earnings of $0.17 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.8%. The company is expected to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Flowers Foods will report full-year earnings of $0.93 per share for the current year, with EPS estimates ranging from $0.92 to $0.93. For the next financial year, analysts anticipate that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.95 to $0.98. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Flowers Foods.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $923.45 million during the quarter, compared to the consensus estimate of $931.87 million. Flowers Foods had a return on equity of 15.61% and a net margin of 5.45%. Flowers Foods’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS.
A number of equities analysts have recently issued reports on FLO shares. Deutsche Bank set a $18.00 price objective on shares of Flowers Foods and gave the stock a “hold” rating in a research report on Monday, November 12th. Zacks Investment Research reaffirmed a “hold” rating on shares of Flowers Foods in a report on Tuesday, November 13th. Pivotal Research cut shares of Flowers Foods from a “buy” rating to a “sell” rating and reduced their target price for the company from $24.00 to $16.00 in a report on Thursday, November 8th. Finally, ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday, January 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.50.
NYSE FLO opened at $19.29 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.12. Flowers Foods has a fifty-two week low of $17.78 and a fifty-two week high of $22.82. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 21.67 and a beta of 0.43.
Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its position in shares of Flowers Foods by 110.9% in the 4th quarter. State of Alaska Department of Revenue now owns 89,000 shares of the company’s stock worth $1,642,000 after buying an additional 46,805 shares during the last quarter. Retirement Systems of Alabama increased its position in Flowers Foods by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 237,890 shares of the company’s stock worth $4,394,000 after purchasing an additional 792 shares in the last quarter. Vanguard Group Inc increased its position in Flowers Foods by 3.5% during the 3rd quarter. Vanguard Group Inc now owns 18,371,286 shares of the company’s stock worth $342,808,000 after purchasing an additional 626,293 shares in the last quarter. Vanguard Group Inc. increased its position in Flowers Foods by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 18,371,286 shares of the company’s stock worth $342,808,000 after purchasing an additional 626,293 shares in the last quarter. Finally, Morgan Stanley increased its position in Flowers Foods by 165.5% during the 3rd quarter. Morgan Stanley now owns 1,364,637 shares of the company’s stock worth $25,464,000 after purchasing an additional 850,620 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.
About Flowers Foods
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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