$0.23 EPS Expected for Flowers Foods, Inc. (NYSE:FLO) This Quarter
Equities analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce earnings of $0.23 per share for the current quarter, Zacks reports. Two analysts have made estimates for Flowers Foods’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.23. Flowers Foods reported earnings per share of $0.26 in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.5%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, August 9th.
On average, analysts expect that Flowers Foods will report full-year earnings of $0.89 per share for the current year, with EPS estimates ranging from $0.83 to $0.95. For the next year, analysts anticipate that the firm will post earnings of $0.98 per share, with EPS estimates ranging from $0.89 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS.
Several research analysts recently issued reports on the company. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Tuesday. BMO Capital Markets reissued a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and issued a $23.00 price objective on shares of Flowers Foods in a research note on Friday, May 26th. Finally, TheStreet raised Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.14.
Hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Flowers Foods by 58.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,195 shares of the company’s stock valued at $101,000 after buying an additional 1,923 shares during the period. Ledyard National Bank boosted its stake in shares of Flowers Foods by 6.0% in the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock valued at $153,000 after buying an additional 500 shares during the period. Edmp Inc. bought a new stake in shares of Flowers Foods during the first quarter valued at about $194,000. Envestnet Asset Management Inc. boosted its stake in shares of Flowers Foods by 85.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,131 shares of the company’s stock valued at $202,000 after buying an additional 4,654 shares during the period. Finally, Breton Hill Capital Ltd. bought a new stake in shares of Flowers Foods during the second quarter valued at about $215,000. 66.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of Flowers Foods (FLO) opened at 18.05 on Wednesday. The stock has a 50 day moving average price of $17.70 and a 200-day moving average price of $19.00. Flowers Foods has a 12 month low of $14.35 and a 12 month high of $21.00. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 22.88 and a beta of 0.96.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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