Flowers Foods (FLO) Issues FY 2019 Earnings Guidance

Flowers Foods (NYSE:FLO) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97. The company issued revenue guidance of $4.03-4.109 billion, compared to the consensus revenue estimate of $4.06 billion.

Shares of NYSE FLO traded up $0.07 during midday trading on Wednesday, hitting $21.23. The stock had a trading volume of 1,178,407 shares, compared to its average volume of 1,010,270. The firm has a market capitalization of $4.51 billion, a P/E ratio of 22.59 and a beta of 0.49. Flowers Foods has a 1-year low of $17.78 and a 1-year high of $21.87. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.36 and a quick ratio of 1.05.

Several equities analysts have recently weighed in on FLO shares. Pivotal Research reaffirmed a sell rating and issued a $16.00 price objective on shares of Flowers Foods in a research note on Thursday, February 7th. ValuEngine lowered Flowers Foods from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Zacks Investment Research lowered Flowers Foods from a buy rating to a hold rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $19.20.

In related news, insider Debo Mukherjee purchased 1,550 shares of Flowers Foods stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $20.20 per share, with a total value of $31,310.00. Following the transaction, the insider now owns 1,550 shares of the company’s stock, valued at approximately $31,310. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.17% of the company’s stock.

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Flowers Foods Company Profile

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

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

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