Jefferies Group Comments on Flowers Foods’ Q2 2018 Earnings (FLO)

Flowers Foods (NYSE:FLO) – Equities research analysts at Jefferies Group reduced their Q2 2018 earnings per share estimates for shares of Flowers Foods in a research report issued on Thursday, May 17th. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.29. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.13 EPS.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, May 16th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. Flowers Foods had a net margin of 3.58% and a return on equity of 16.05%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share.

A number of other brokerages have also recently issued reports on FLO. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a research note on Friday, February 9th. Hilliard Lyons started coverage on shares of Flowers Foods in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, February 19th. Pivotal Research decreased their price objective on shares of Flowers Foods to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, KeyCorp reissued a “buy” rating on shares of Flowers Foods in a research note on Wednesday, March 28th. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $22.33.

Shares of Flowers Foods opened at $19.56 on Friday, Marketbeat.com reports. The company has a market capitalization of $4.55 billion, a P/E ratio of 23.00, a PEG ratio of 2.23 and a beta of 0.67. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Flowers Foods has a 1 year low of $21.58 and a 1 year high of $21.82.

In other Flowers Foods news, insider David M. Roach sold 10,500 shares of the business’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total transaction of $221,655.00. Following the sale, the insider now owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 15.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of Flowers Foods by 4.0% during the first quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock worth $340,704,000 after buying an additional 602,337 shares during the last quarter. Wellington Shields & Co. LLC grew its stake in shares of Flowers Foods by 4,675.7% during the first quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock worth $145,986,000 after buying an additional 6,538,406 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of Flowers Foods by 1.5% during the fourth quarter. Champlain Investment Partners LLC now owns 6,054,595 shares of the company’s stock worth $116,914,000 after buying an additional 87,200 shares during the last quarter. Southeast Asset Advisors Inc. grew its stake in shares of Flowers Foods by 0.7% during the first quarter. Southeast Asset Advisors Inc. now owns 2,117,839 shares of the company’s stock worth $46,296,000 after buying an additional 15,633 shares during the last quarter. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Flowers Foods by 9.4% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,090,530 shares of the company’s stock worth $40,368,000 after buying an additional 180,214 shares during the last quarter. 65.87% of the stock is currently owned by hedge funds and other institutional investors.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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

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