Flowers Foods (FLO) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Flowers Foods (NYSE:FLO) issued its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.03, Analyst RN reports. The company had revenue of $877.40 million for the quarter, compared to the consensus estimate of $940.83 million.
FLO has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Flowers Foods in a research note on Tuesday, August 5th. They now have a $24.00 price target on the stock, down previously from $26.00. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.40.
Shares of Flowers Foods (NYSE:FLO) opened at 20.01 on Tuesday. Flowers Foods has a 52 week low of $18.70 and a 52 week high of $25.67. The stock has a 50-day moving average of $20.27 and a 200-day moving average of $20.52. The company has a market cap of $4.187 billion and a price-to-earnings ratio of 23.40.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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