Analysts forecast that Flowers Foods, Inc. (NYSE:FLO) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flowers Foods’ earnings, with estimates ranging from $0.18 to $0.20. Flowers Foods posted earnings of $0.21 per share in the same quarter last year, which would suggest a negative year over year growth rate of 9.5%. The business is scheduled to issue its next earnings report on Wednesday, November 8th.

On average, analysts expect that Flowers Foods will report full-year earnings of $0.85 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.88. For the next fiscal year, analysts forecast that the business will report earnings of $0.92 per share, with EPS estimates ranging from $0.89 to $0.95. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Flowers Foods.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating the Zacks’ 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 company had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Flowers Foods’s revenue for the quarter was down .9% compared to the same quarter last year.

Several research analysts have commented on the stock. BidaskClub cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BMO Capital Markets restated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, July 20th. Finally, Jefferies Group LLC downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $23.00 to $19.00 in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Flowers Foods has an average rating of “Hold” and an average target price of $19.67.

Shares of Flowers Foods (NYSE:FLO) opened at 18.75 on Friday. The company’s 50-day moving average is $18.09 and its 200-day moving average is $18.37. The stock has a market cap of $3.93 billion, a PE ratio of 24.70 and a beta of 1.01. Flowers Foods has a 52-week low of $14.74 and a 52-week high of $21.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.63%. Flowers Foods’s dividend payout ratio is presently 90.67%.

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In related news, insider Robert L. Benton, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.87, for a total value of $283,050.00. Following the completion of the sale, the insider now owns 81,677 shares in the company, valued at approximately $1,541,244.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert L. Benton, Jr. sold 18,500 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $18.83, for a total transaction of $348,355.00. The disclosure for this sale can be found here. Insiders have sold a total of 98,735 shares of company stock valued at $1,818,921 in the last 90 days. Insiders own 15.81% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Utah Retirement Systems raised its position in Flowers Foods by 0.3% in the 1st quarter. Utah Retirement Systems now owns 31,509 shares of the company’s stock valued at $612,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas raised its position in Flowers Foods by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,051 shares of the company’s stock valued at $261,000 after purchasing an additional 480 shares during the last quarter. Botty Investors LLC raised its position in Flowers Foods by 2.5% in the 2nd quarter. Botty Investors LLC now owns 19,940 shares of the company’s stock valued at $345,000 after purchasing an additional 485 shares during the last quarter. Ledyard National Bank raised its position in Flowers Foods by 6.0% in the 2nd quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock valued at $153,000 after purchasing an additional 500 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in Flowers Foods by 0.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 177,352 shares of the company’s stock valued at $3,442,000 after purchasing an additional 572 shares during the last quarter. Hedge funds and other institutional investors own 64.66% of the company’s stock.

About Flowers Foods

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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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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