Flowers Foods (NYSE:FLO) issued its quarterly earnings data on Wednesday. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02, Briefing.com reports. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a return on equity of 15.81% and a net margin of 4.28%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Flowers Foods updated its FY 2019 guidance to $0.94-1.02 EPS and its FY19 guidance to $0.94-$1.02 EPS.
NYSE FLO opened at $22.66 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.05 and a current ratio of 1.36. Flowers Foods has a 12-month low of $17.78 and a 12-month high of $22.74. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 24.11 and a beta of 0.49.
In other news, insider Debo Mukherjee purchased 1,550 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average cost of $20.20 per share, with a total value of $31,310.00. Following the completion of the acquisition, the insider now owns 1,550 shares of the company’s stock, valued at $31,310. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.17% of the stock is currently owned by insiders.
FLO has been the subject of a number of analyst reports. ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Pivotal Research reaffirmed a “sell” rating and issued a $16.00 price target on shares of Flowers Foods in a report on Thursday, February 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Flowers Foods has an average rating of “Hold” and a consensus price target of $19.20.
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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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