Flowers Foods Inc. (FLO) Issues FY14 Earnings Guidance
Flowers Foods Inc. (NYSE:FLO) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.98-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.07, Analyst RN reports. The company issued revenue guidance of $3.976-4.126 billion, compared to the consensus revenue estimate of $4.12 billion.
A number of research firms have recently commented on FLO. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $27.60.
Flowers Foods Inc. (NYSE:FLO) opened at 19.85 on Thursday. Flowers Foods Inc. has a 1-year low of $18.1467 and a 1-year high of $25.67. The stock’s 50-day moving average is $21.45 and its 200-day moving average is $22.23. The company has a market cap of $4.139 billion and a price-to-earnings ratio of 18.09.
Flowers Foods (NYSE:FLO) last announced its earnings results on Thursday, February 6th. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.19 by $0.01. The company had revenue of $843.60 million for the quarter, compared to the consensus estimate of $883.76 million. During the same quarter last year, the company posted $0.28 earnings per share. Flowers Foods’s revenue was up 12.6% compared to the same quarter last year. On average, analysts predict that Flowers Foods Inc. will post $0.91 earnings per share for the current fiscal year.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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