Equities research analysts forecast that Flowers Foods (NYSE:FLO) will announce $0.30 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Flowers Foods’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.32. Flowers Foods reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, May 16th.
On average, analysts expect that Flowers Foods will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts anticipate that the company will post earnings of $1.15 per share, with EPS estimates ranging from $1.10 to $1.18. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Flowers Foods.
Get Flowers Foods alerts:
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $873.60 million during the quarter, compared to analyst estimates of $860.34 million. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $0.16 EPS.
FLO has been the subject of several analyst reports. TheStreet raised Flowers Foods from a “c+” rating to a “b” rating in a research note on Wednesday, February 7th. Hilliard Lyons initiated coverage on Flowers Foods in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 price objective for the company. KeyCorp reaffirmed a “buy” rating on shares of Flowers Foods in a research note on Wednesday, March 28th. ValuEngine raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Pivotal Research lowered their price objective on Flowers Foods to $26.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.33.
Shares of NYSE:FLO traded down $0.62 during trading on Monday, hitting $22.01. The company had a trading volume of 1,789,800 shares, compared to its average volume of 1,216,040. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 2.34 and a beta of 0.67. Flowers Foods has a one year low of $21.92 and a one year high of $22.57. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.01.
In related news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total transaction of $221,655.00. Following the completion of the sale, the insider now directly owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 15.20% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Flowers Foods by 4.0% during the 1st quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock worth $340,704,000 after acquiring an additional 602,337 shares during the last quarter. Wellington Shields & Co. LLC increased its holdings in Flowers Foods by 4,675.7% during the 1st quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock worth $145,986,000 after purchasing an additional 6,538,406 shares during the period. Champlain Investment Partners LLC increased its holdings in Flowers Foods by 1.5% during the 4th quarter. Champlain Investment Partners LLC now owns 6,054,595 shares of the company’s stock worth $116,914,000 after purchasing an additional 87,200 shares during the period. Dimensional Fund Advisors LP increased its holdings in Flowers Foods by 16.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,387,499 shares of the company’s stock worth $44,908,000 after purchasing an additional 333,384 shares during the period. Finally, Deprince Race & Zollo Inc. increased its holdings in Flowers Foods by 9.4% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,090,530 shares of the company’s stock worth $40,368,000 after purchasing an additional 180,214 shares during the period. 65.87% of the stock is 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.
Get a free copy of the Zacks research report on Flowers Foods (FLO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com