Flowers Foods, Inc. to Post Q1 2018 Earnings of $0.32 Per Share, Jefferies Group Forecasts (FLO)

Flowers Foods, Inc. (NYSE:FLO) – Analysts at Jefferies Group raised their Q1 2018 earnings estimates for shares of Flowers Foods in a report issued on Wednesday. Jefferies Group analyst A. Jagdale now expects that the company will post earnings per share of $0.32 for the quarter, up from their previous estimate of $0.28. Jefferies Group also issued estimates for Flowers Foods’ Q2 2018 earnings at $0.29 EPS, Q3 2018 earnings at $0.26 EPS, FY2018 earnings at $1.07 EPS, FY2019 earnings at $1.14 EPS, FY2020 earnings at $1.25 EPS and FY2021 earnings at $1.36 EPS.

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

FLO has been the subject of a number of other research reports. Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, November 13th. TheStreet cut Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. BMO Capital Markets raised their target price on Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, November 15th. SunTrust Banks restated a “hold” rating and issued a $20.00 target price on shares of Flowers Foods in a research note on Friday, November 10th. Finally, Pivotal Research restated a “buy” rating and issued a $26.00 target price (up previously from $23.00) on shares of Flowers Foods in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.00.

Flowers Foods (FLO) opened at $20.86 on Thursday. The company has a market capitalization of $4,332.63, a P/E ratio of 29.38, a PEG ratio of 3.17 and a beta of 0.91. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.27 and a quick ratio of 1.01. Flowers Foods has a one year low of $16.80 and a one year high of $20.98.

A number of hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in Flowers Foods by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 55,099 shares of the company’s stock valued at $954,000 after buying an additional 907 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Flowers Foods by 2.6% during the 3rd quarter. Great West Life Assurance Co. Can now owns 113,790 shares of the company’s stock valued at $2,131,000 after buying an additional 2,920 shares in the last quarter. Advisor Group Inc. increased its position in Flowers Foods by 77.8% during the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock valued at $132,000 after buying an additional 2,990 shares in the last quarter. Breton Hill Capital Ltd. increased its position in Flowers Foods by 26.0% during the 3rd quarter. Breton Hill Capital Ltd. now owns 15,628 shares of the company’s stock valued at $294,000 after buying an additional 3,228 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Flowers Foods by 48.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock valued at $193,000 after buying an additional 3,266 shares in the last quarter. 66.44% of the stock is owned by institutional investors.

In related news, insider Stephen R. Avera sold 68,908 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total transaction of $1,331,991.64. Following the completion of the transaction, the insider now owns 553,989 shares of the company’s stock, valued at approximately $10,708,607.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tonja W. Taylor sold 4,960 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 22,055 shares of the company’s stock, valued at approximately $431,616.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 189,935 shares of company stock valued at $3,679,598. 15.81% of the stock is owned by corporate 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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