Flowers Foods (FLO) Posts Earnings Results, Beats Estimates By $0.02 EPS

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.



A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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. Maverick Capital Ltd. grew its holdings in Flowers Foods by 98.4% in the first quarter. Maverick Capital Ltd. now owns 149,540 shares of the company’s stock worth $3,188,000 after purchasing an additional 74,150 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Flowers Foods by 60.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 16,645 shares of the company’s stock worth $355,000 after purchasing an additional 6,268 shares during the last quarter. Man Group plc grew its holdings in Flowers Foods by 128.0% in the first quarter. Man Group plc now owns 588,019 shares of the company’s stock worth $12,536,000 after purchasing an additional 330,106 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in Flowers Foods by 179.9% in the first quarter. M&T Bank Corp now owns 46,828 shares of the company’s stock worth $998,000 after purchasing an additional 30,100 shares during the last quarter. 66.99% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History for Flowers Foods (NYSE:FLO)

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