$857.15 Million in Sales Expected for Flowers Foods, Inc. (FLO) This Quarter
Analysts expect Flowers Foods, Inc. (NYSE:FLO) to post $857.15 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Flowers Foods’ earnings, with estimates ranging from $855.30 million to $859.00 million. Flowers Foods reported sales of $868.72 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The firm is expected to issue its next quarterly earnings report on Monday, February 12th.
On average, analysts expect that Flowers Foods will report full year sales of $857.15 million for the current financial year, with estimates ranging from $3.88 billion to $3.91 billion. For the next year, analysts forecast that the business will post sales of $3.94 billion per share, with estimates ranging from $3.91 billion to $3.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Flowers Foods.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $932.80 million during the quarter, compared to the consensus estimate of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share.
In other news, insider Robert L. Benton, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.87, for a total transaction of $283,050.00. Following the completion of the transaction, the insider now directly owns 81,677 shares in the company, valued at $1,541,244.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tonja W. Taylor sold 4,960 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.57, for a total value of $97,067.20. Following the sale, the insider now directly owns 22,055 shares in the company, valued at $431,616.35. The disclosure for this sale can be found here. Insiders have sold 509,689 shares of company stock valued at $9,743,948 over the last 90 days. Corporate insiders own 15.81% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FLO. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Flowers Foods by 10.3% during 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 last quarter. Ffcm LLC boosted its position in shares of Flowers Foods by 1,298.6% during the third quarter. Ffcm LLC now owns 6,965 shares of the company’s stock valued at $131,000 after buying an additional 6,467 shares during the last quarter. Crescent Grove Advisors LLC purchased a new stake in shares of Flowers Foods during the second quarter valued at $173,000. BB&T Securities LLC purchased a new stake in shares of Flowers Foods during the third quarter valued at $192,000. Finally, AMG National Trust Bank purchased a new stake in shares of Flowers Foods during the second quarter valued at $196,000. 66.44% of the stock is currently owned by institutional investors.
Flowers Foods (FLO) opened at $19.98 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4,206.87, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 3.81 and a beta of 1.04. Flowers Foods has a twelve month low of $15.68 and a twelve month high of $21.00.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.40%. Flowers Foods’s payout ratio is presently 170.00%.
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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