Flowers Foods (FLO) Issues Earnings Results, Misses Expectations By $0.02 EPS

Flowers Foods (NYSE:FLO) released its quarterly earnings data on Wednesday. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02), Briefing.com reports. Flowers Foods had a return on equity of 15.85% and a net margin of 3.58%. The business had revenue of $923.45 million during the quarter, compared to analysts’ expectations of $931.87 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. Flowers Foods updated its FY18 guidance to $0.90-0.95 EPS.

NYSE:FLO traded down $0.34 during midday trading on Thursday, hitting $18.84. The company’s stock had a trading volume of 5,439,482 shares, compared to its average volume of 1,327,233. Flowers Foods has a fifty-two week low of $17.71 and a fifty-two week high of $22.82. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The company has a market cap of $4.02 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 2.09 and a beta of 0.30.

FLO has been the subject of a number of research reports. Pivotal Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Flowers Foods in a research note on Thursday, August 9th. Consumer Edge lowered shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Flowers Foods has a consensus rating of “Hold” and a consensus price target of $21.00.

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About Flowers Foods

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.

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Earnings History for Flowers Foods (NYSE:FLO)

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