Zacks: Analysts Expect Flowers Foods, Inc. (NYSE:FLO) to Post $0.26 Earnings Per Share

Brokerages expect Flowers Foods, Inc. (NYSE:FLO) to announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Flowers Foods’ earnings. The highest EPS estimate is $0.27 and the lowest is $0.25. Flowers Foods reported earnings per share of $0.25 in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Flowers Foods will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.02. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Flowers Foods.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Flowers Foods had a net margin of 4.28% and a return on equity of 15.85%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year.



FLO has been the subject of several research reports. Zacks Investment Research upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Flowers Foods presently has a consensus rating of “Hold” and a consensus price target of $19.25.

NYSE FLO traded down $0.10 during trading on Friday, hitting $23.49. The company had a trading volume of 606,982 shares, compared to its average volume of 1,010,849. The company has a current ratio of 1.17, a quick ratio of 0.92 and a debt-to-equity ratio of 1.02. Flowers Foods has a one year low of $17.78 and a one year high of $23.95. The firm has a market capitalization of $4.99 billion, a P/E ratio of 24.99 and a beta of 0.44. The stock has a fifty day simple moving average of $23.21.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.19 dividend. The ex-dividend date was Thursday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.24%. Flowers Foods’s dividend payout ratio is 80.85%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Carroll Financial Associates Inc. grew its position in shares of Flowers Foods by 1,406.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock worth $30,000 after buying an additional 1,336 shares during the period. GWM Advisors LLC grew its position in shares of Flowers Foods by 101.6% in the 1st quarter. GWM Advisors LLC now owns 49,260 shares of the company’s stock worth $33,000 after buying an additional 24,825 shares during the period. FMR LLC grew its position in shares of Flowers Foods by 131.6% in the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock worth $49,000 after buying an additional 1,295 shares during the period. Quantamental Technologies LLC grew its position in shares of Flowers Foods by 59.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,411 shares of the company’s stock worth $51,000 after buying an additional 900 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Flowers Foods by 140.1% in the 1st quarter. Parallel Advisors LLC now owns 2,454 shares of the company’s stock worth $52,000 after buying an additional 1,432 shares during the period. Institutional investors and hedge funds own 64.75% of the company’s stock.

About Flowers Foods

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 and Estimates for Flowers Foods (NYSE:FLO)

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