Flowers Foods, Inc. Expected to Earn FY2018 Earnings of $1.07 Per Share (FLO)

Flowers Foods, Inc. (NYSE:FLO) – Stock analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of Flowers Foods in a research note issued on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings per share of $1.07 for the year, up from their prior forecast of $0.91. SunTrust Banks currently has a “Hold” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Flowers Foods’ Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.30 EPS and FY2019 earnings at $1.16 EPS.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. The business had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS.

FLO has been the subject of several other reports. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Pivotal Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, November 9th. BMO Capital Markets lifted their target price on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 15th. Finally, Stephens reaffirmed a “hold” rating and issued a $20.00 target price on shares of Flowers Foods in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Flowers Foods presently has a consensus rating of “Hold” and an average price target of $21.00.

Shares of Flowers Foods (NYSE FLO) opened at $20.37 on Monday. The company has a market cap of $4,269.75, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 3.48 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.67. Flowers Foods has a 12 month low of $16.80 and a 12 month high of $21.00.

In other news, CFO R Steve Kinsey sold 116,067 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brad K. Alexander sold 81,000 shares of the business’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 sale, the insider now directly owns 245,412 shares of the company’s stock, valued at $4,680,006.84. The disclosure for this sale can be found here. Insiders sold a total of 270,935 shares of company stock valued at $5,224,268 over the last ninety days. 15.81% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Suntrust Banks Inc. grew its stake in shares of Flowers Foods by 220.6% during the 4th quarter. Suntrust Banks Inc. now owns 172,388 shares of the company’s stock valued at $3,327,000 after buying an additional 118,622 shares during the period. ARP Americas LP grew its stake in shares of Flowers Foods by 66.3% during the 4th quarter. ARP Americas LP now owns 17,630 shares of the company’s stock valued at $340,000 after buying an additional 7,030 shares during the period. American International Group Inc. grew its stake in shares of Flowers Foods by 1.2% during the 4th quarter. American International Group Inc. now owns 381,494 shares of the company’s stock valued at $7,367,000 after buying an additional 4,611 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Flowers Foods during the 4th quarter valued at $790,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Flowers Foods by 10.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 214,424 shares of the company’s stock valued at $4,141,000 after buying an additional 19,467 shares during the period. 66.44% of the stock is owned by institutional investors.

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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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