Flowers Foods (NYSE:FLO) issued an update on its FY19 earnings guidance on Wednesday morning. 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.Flowers Foods also updated its FY 2019 guidance to $0.94-1.02 EPS.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Flowers Foods from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Tuesday, April 9th. ValuEngine downgraded shares of Flowers Foods from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Pivotal Research reaffirmed a sell rating and set a $16.00 price objective on shares of Flowers Foods in a research report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock has an average rating of Hold and a consensus target price of $19.20.
Shares of NYSE FLO traded up $0.07 during mid-day trading on Wednesday, reaching $21.23. 1,062,484 shares of the company’s stock were exchanged, compared to its average volume of 1,010,274. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 22.59 and a beta of 0.49. Flowers Foods has a 52 week low of $17.78 and a 52 week 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.
In related news, insider Debo Mukherjee purchased 1,550 shares of Flowers Foods stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $20.20 per share, for a total transaction of $31,310.00. Following the completion of the transaction, the insider now directly owns 1,550 shares in the company, valued at approximately $31,310. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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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