Flowers Foods (FLO) Releases Quarterly Earnings Results
Flowers Foods (NYSE:FLO) posted its quarterly earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.01, American Banking and Market News reports. The company had revenue of $843.60 million for the quarter, compared to the consensus estimate of $883.76 million.
Shares of Flowers Foods (NYSE:FLO) opened at 19.79 on Thursday. Flowers Foods has a 52 week low of $18.1467 and a 52 week high of $25.67. The stock has a 50-day moving average of $21.45 and a 200-day moving average of $22.23. The company has a market cap of $4.127 billion and a P/E ratio of 18.16.
FLO has been the subject of a number of recent research reports. Analysts at Ned Davis Research downgraded shares of Flowers Foods from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 11th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Flowers Foods in a research note to investors on Friday, November 8th. They now have a $26.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $27.60.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.