Flowers Foods (FLO) Releases FY18 Earnings Guidance

Flowers Foods (NYSE:FLO) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.04-1.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.96. The company issued revenue guidance of $3.92-3.98 billion, compared to the consensus revenue estimate of $3.93 billion.

FLO has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Flowers Foods from a strong-buy rating to a hold rating in a research report on Friday, January 12th. Pivotal Research reaffirmed a buy rating and issued a $26.00 price objective (up previously from $23.00) on shares of Flowers Foods in a research report on Friday, January 12th. BMO Capital Markets lifted their price objective on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a market perform rating in a research report on Wednesday, November 15th. SunTrust Banks reaffirmed a hold rating and issued a $20.00 price objective on shares of Flowers Foods in a research report on Friday, November 10th. Finally, TheStreet downgraded shares of Flowers Foods from a b- rating to a c rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Flowers Foods currently has a consensus rating of Buy and an average target price of $21.20.

Shares of Flowers Foods (NYSE:FLO) traded up $0.05 during midday trading on Wednesday, reaching $18.95. 1,126,779 shares of the company’s stock traded hands, compared to its average volume of 1,236,426. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.28. Flowers Foods has a twelve month low of $16.80 and a twelve month high of $21.00. The firm has a market cap of $3,990.00, a PE ratio of 47.38, a price-to-earnings-growth ratio of 3.14 and a beta of 0.91.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The firm had revenue of $932.80 million during the quarter, compared to analysts’ expectations of $915.55 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts forecast that Flowers Foods will post 0.86 earnings per share for the current fiscal year.

In other news, insider Brad K. Alexander sold 81,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $19.07, for a total transaction of $1,544,670.00. Following the completion of the sale, the insider now owns 245,412 shares of the company’s stock, valued at $4,680,006.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Allen L. Shiver sold 177,081 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $3,364,539.00. Following the sale, the chief executive officer now directly owns 978,353 shares of the company’s stock, valued at approximately $18,588,707. The disclosure for this sale can be found here. In the last three months, insiders sold 448,016 shares of company stock valued at $8,588,807. 15.81% of the stock is owned by insiders.

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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.

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

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