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.

A number of research firms have issued reports on FLO. BMO Capital Markets increased their price objective on Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, November 15th. Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Monday, November 13th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a report on Friday, November 10th. TheStreet downgraded Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Finally, Pivotal Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.43.

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%.

TRADEMARK VIOLATION WARNING: “$857.15 Million in Sales Expected for Flowers Foods, Inc. (FLO) This Quarter” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/06/857-15-million-in-sales-expected-for-flowers-foods-inc-flo-this-quarter.html.

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.

Get a free copy of the Zacks research report on Flowers Foods (FLO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.