Flowers Foods, Inc. to Post FY2021 Earnings of $1.19 Per Share, Jefferies Group Forecasts (FLO)
Flowers Foods, Inc. (NYSE:FLO) – Analysts at Jefferies Group issued their FY2021 earnings estimates for Flowers Foods in a research report issued to clients and investors on Tuesday. Jefferies Group analyst A. Jagdale expects that the company will earn $1.19 per share for the year. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The firm had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. During the same quarter in the previous year, the company posted $0.26 EPS. Flowers Foods’s revenue was down .9% on a year-over-year basis.
FLO has been the subject of several other research reports. Zacks Investment Research downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday, May 19th. BidaskClub downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Thursday, July 20th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.67.
Flowers Foods (FLO) traded down 0.644% on Thursday, reaching $17.735. 753,650 shares of the company traded hands. The company has a market capitalization of $3.71 billion, a PE ratio of 23.366 and a beta of 0.97. Flowers Foods has a 52-week low of $14.51 and a 52-week high of $21.00. The stock has a 50-day moving average of $17.55 and a 200 day moving average of $18.76.
Institutional investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its position in 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock valued at $116,000 after buying an additional 629 shares during the period. Ledyard National Bank boosted its stake in 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. Crescent Grove Advisors LLC purchased a new stake in Flowers Foods during the second quarter valued at $173,000. Finally, AMG National Trust Bank purchased a new stake in Flowers Foods during the second quarter valued at $196,000. 67.47% of the stock is owned by hedge funds and other institutional investors.
In other Flowers Foods news, Chairman Amos R. Mcmullian purchased 20,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $17.91 per share, with a total value of $358,200.00. Following the completion of the purchase, the chairman now owns 3,643,717 shares of the company’s stock, valued at $65,258,971.47. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 15.81% of the stock is currently owned by company insiders.
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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