Equities analysts expect Flowers Foods, Inc. (NYSE:FLO) to report $1.19 billion in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Flowers Foods’ earnings. The lowest sales estimate is $1.19 billion and the highest is $1.20 billion. Flowers Foods also reported sales of $1.19 billion during the same quarter last year. The company is expected to report its next earnings report on Wednesday, May 16th.
According to Zacks, analysts expect that Flowers Foods will report full-year sales of $1.19 billion for the current year, with estimates ranging from $3.94 billion to $3.95 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.01 billion per share, with estimates ranging from $3.94 billion to $4.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Flowers Foods.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The firm had revenue of $873.60 million during the quarter, compared to analyst estimates of $860.34 million. During the same period in the previous year, the company earned $0.16 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis.
Shares of Flowers Foods (FLO) opened at $20.40 on Tuesday. Flowers Foods has a 1-year low of $16.80 and a 1-year high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4,269.75, a P/E ratio of 22.89, a P/E/G ratio of 3.48 and a beta of 0.91.
In other news, insider Tonja W. Taylor sold 4,960 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total transaction of $97,067.20. Following the completion of the transaction, the insider now directly owns 22,055 shares in the company, valued at $431,616.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Steve Kinsey sold 116,067 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $19.39, for a total value of $2,250,539.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 189,935 shares of company stock valued at $3,679,598. Corporate insiders own 15.81% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Ffcm LLC lifted its holdings 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 worth $131,000 after buying an additional 6,467 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Flowers Foods by 48.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after buying an additional 3,266 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Flowers Foods during the fourth quarter worth approximately $195,000. BB&T Securities LLC acquired a new position in shares of Flowers Foods during the third quarter worth approximately $192,000. Finally, Round Table Services LLC acquired a new position in shares of Flowers Foods during the third quarter worth approximately $208,000. Institutional investors own 66.44% of the company’s stock.
WARNING: “Flowers Foods, Inc. (FLO) Expected to Announce Quarterly Sales of $1.19 Billion” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/02/13/flowers-foods-inc-flo-expected-to-announce-quarterly-sales-of-1-19-billion.html.
Flowers Foods Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.com's FREE daily email newsletter.