Analysts Anticipate Flowers Foods, Inc. (FLO) to Post $0.15 Earnings Per Share

Equities research analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce earnings of $0.15 per share for the current quarter, according to Zacks. Three analysts have made estimates for Flowers Foods’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Flowers Foods posted earnings per share of $0.17 during the same quarter last year, which would suggest a negative year-over-year growth rate of 11.8%. The company is scheduled to announce its next earnings report on Wednesday, February 6th.

On average, analysts expect that Flowers Foods will report full-year earnings of $0.95 per share for the current financial year, with EPS estimates ranging from $0.92 to $1.02. For the next financial year, analysts anticipate that the firm will report earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Flowers Foods.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Flowers Foods had a net margin of 5.45% and a return on equity of 15.61%. The company had revenue of $923.45 million for the quarter, compared to analysts’ expectations of $931.87 million. During the same quarter in the prior year, the firm earned $0.23 EPS. Flowers Foods’s quarterly revenue was down 1.0% compared to the same quarter last year.

Several equities research analysts recently commented on FLO shares. Consumer Edge lowered shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 6th. Pivotal Research reissued a “buy” rating and set a $24.00 price objective on shares of Flowers Foods in a research note on Thursday, August 9th. Deutsche Bank set a $18.00 price objective on shares of Flowers Foods and gave the stock a “hold” rating in a research note on Monday, November 12th. Zacks Investment Research reissued a “hold” rating on shares of Flowers Foods in a research note on Tuesday, November 13th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Friday, August 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.50.

NYSE:FLO traded up $0.05 during mid-day trading on Friday, hitting $19.62. 481,679 shares of the company’s stock were exchanged, compared to its average volume of 2,248,198. Flowers Foods has a one year low of $18.12 and a one year high of $22.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.12. The firm has a market capitalization of $4.14 billion, a P/E ratio of 22.04, a PEG ratio of 2.35 and a beta of 0.30.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, November 29th. Flowers Foods’s payout ratio is currently 80.90%.

Large investors have recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new position in shares of Flowers Foods in the second quarter worth approximately $101,000. Bessemer Group Inc. lifted its stake in shares of Flowers Foods by 447.4% in the third quarter. Bessemer Group Inc. now owns 6,503 shares of the company’s stock worth $121,000 after buying an additional 5,315 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Flowers Foods by 380.3% in the second quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock worth $142,000 after buying an additional 5,393 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Flowers Foods in the third quarter worth approximately $201,000. Finally, MainStreet Investment Advisors LLC bought a new position in shares of Flowers Foods in the second quarter worth approximately $204,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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 and Estimates for Flowers Foods (NYSE:FLO)

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