Flowers Foods (FLO) Posts Quarterly Earnings, Hits Estimates
Flowers Foods (NYSE:FLO) posted its quarterly earnings results on Thursday. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29, American Banking News.com reports. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.22 billion.
A number of analysts have recently weighed in on FLO shares. Analysts at Imperial Capital initiated coverage on shares of Flowers Foods in a research note on Thursday, May 1st. They set an “outperform” rating and a $25.00 price target on the stock. On the ratings front, analysts at KeyCorp raised their price target on shares of Flowers Foods from $23.00 to $25.00 in a research note on Friday, March 21st. Finally, analysts at BMO Capital Markets upgraded shares of Flowers Foods from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 18th. They now have a $24.00 price target on the stock, up previously from $22.00. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.07.
Flowers Foods (NYSE:FLO) opened at 20.78 on Thursday. Flowers Foods has a 1-year low of $18.70 and a 1-year high of $25.67. The stock has a 50-day moving average of $20.67 and a 200-day moving average of $21.30. The company has a market cap of $4.335 billion and a P/E ratio of 19.41.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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