Equities research analysts forecast that Flowers Foods, Inc. (NYSE:FLO) will post earnings of $0.19 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Flowers Foods’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. Flowers Foods posted earnings per share of $0.21 in the same quarter last year, which would indicate a negative year-over-year growth rate of 9.5%. The business is scheduled to issue its next earnings results after the market closes 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 financial year, analysts anticipate that the firm will report earnings of $0.92 per share, with EPS estimates ranging from $0.89 to $0.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Flowers Foods.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The business had revenue of $926.64 million during the quarter, compared to analyst estimates of $931.26 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. Flowers Foods’s revenue for the quarter was down .9% on a year-over-year basis.

A number of research firms have weighed in on FLO. Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, August 31st. BidaskClub upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $19.67.

In related news, insider Robert L. Benton, Jr. sold 15,000 shares of Flowers Foods stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.87, for a total value of $283,050.00. Following the completion of the transaction, the insider now owns 81,677 shares in the company, valued at approximately $1,541,244.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Amos R. Mcmullian purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $17.91 per share, with a total value of $358,200.00. Following the purchase, the chairman now owns 3,643,717 shares in the company, valued at $65,258,971.47. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 98,735 shares of company stock valued at $1,818,921. 15.81% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Flowers Foods by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock valued at $116,000 after purchasing an additional 629 shares in the last quarter. Ledyard National Bank increased its stake in shares of 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 in the last quarter. Crescent Grove Advisors LLC purchased a new position in shares of Flowers Foods in the 2nd quarter valued at about $173,000. Round Table Services LLC purchased a new position in shares of Flowers Foods in the 3rd quarter valued at about $208,000. Finally, AMG National Trust Bank purchased a new position in shares of Flowers Foods in the 2nd quarter valued at about $196,000. Hedge funds and other institutional investors own 64.55% of the company’s stock.

Shares of Flowers Foods (FLO) opened at 18.76 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 24.72 and a beta of 1.01. The firm’s 50-day moving average price is $18.47 and its 200 day moving average price is $18.30. Flowers Foods has a 12-month low of $15.05 and a 12-month high of $21.00.

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

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