Flowers Foods, Inc. (FLO) Scheduled to Post Earnings on Tuesday
Flowers Foods, Inc. (NYSE:FLO) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Flowers Foods to post earnings of $0.20 per share for the quarter. Flowers Foods has set its FY17 guidance at $0.85-0.90 EPS.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $926.64 million for the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 earnings per share. On average, analysts expect Flowers Foods to post $0.85 EPS for the current fiscal year and $0.92 EPS for the next fiscal year.
Shares of Flowers Foods, Inc. (FLO) opened at 18.67 on Tuesday. The stock’s 50 day moving average is $18.57 and its 200 day moving average is $18.28. Flowers Foods, Inc. has a 12 month low of $15.05 and a 12 month high of $21.00. The firm has a market cap of $3.91 billion, a PE ratio of 24.60 and a beta of 1.01.
In related news, SVP Karyl H. Lauder sold 28,173 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total transaction of $523,736.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert L. Benton, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $18.87, for a total value of $283,050.00. Following the transaction, the insider now directly owns 81,677 shares in the company, valued at $1,541,244.99. The disclosure for this sale can be found here. Insiders sold a total of 98,735 shares of company stock worth $1,818,921 over the last ninety days. Corporate insiders own 15.81% of the company’s stock.
FLO has been the topic of several research analyst reports. BidaskClub raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, August 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.67.
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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