$0.21 Earnings Per Share Expected for Flowers Foods, Inc. (FLO) This Quarter

Equities research analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce earnings of $0.21 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Flowers Foods’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.22. Flowers Foods reported earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 23.5%. The business is expected to issue its next quarterly earnings results on Wednesday, February 6th.

On average, analysts expect that Flowers Foods will report full-year earnings of $1.01 per share for the current year, with EPS estimates ranging from $1.00 to $1.02. For the next year, analysts expect that the company will post earnings of $1.07 per share, with EPS estimates ranging from $1.04 to $1.09. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Flowers Foods.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $923.45 million for the quarter, compared to the consensus estimate of $931.87 million. Flowers Foods had a return on equity of 15.85% and a net margin of 3.58%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS.

Several research firms have recently commented on FLO. Consumer Edge lowered shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a research report on Monday, August 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a research report on Friday, August 10th. Finally, Pivotal Research reiterated a “buy” rating and issued a $24.00 target price on shares of Flowers Foods in a research report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.00.

A number of institutional investors and hedge funds have recently made changes to their positions in FLO. Centaurus Financial Inc. bought a new position in Flowers Foods in the 2nd quarter valued at about $101,000. Bessemer Group Inc. grew its position in Flowers Foods by 447.4% in the 3rd quarter. Bessemer Group Inc. now owns 6,503 shares of the company’s stock valued at $121,000 after buying an additional 5,315 shares in the last quarter. Signaturefd LLC grew its position in Flowers Foods by 380.3% in the 2nd quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock valued at $142,000 after buying an additional 5,393 shares in the last quarter. MainStreet Investment Advisors LLC bought a new position in Flowers Foods in the 2nd quarter valued at about $204,000. Finally, Grassi Investment Management bought a new position in Flowers Foods in the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Shares of Flowers Foods stock traded up $0.99 during trading on Friday, hitting $19.83. 2,584,442 shares of the stock were exchanged, compared to its average volume of 1,333,500. The firm has a market capitalization of $4.02 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.09 and a beta of 0.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.39. Flowers Foods has a 12 month low of $18.12 and a 12 month high of $22.82.

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.

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