Flowers Foods (FLO) Releases FY 2019 Earnings Guidance

Flowers Foods (NYSE:FLO) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus 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.

NYSE:FLO traded up $0.07 during trading hours on Wednesday, hitting $21.23. 1,178,407 shares of the company’s stock traded hands, compared to its average volume of 1,010,270. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 22.59 and a beta of 0.49. Flowers Foods has a twelve month low of $17.78 and a twelve month high of $21.87. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79.

FLO has been the topic of several recent analyst reports. Zacks Investment Research lowered Flowers Foods from a buy rating to a hold rating in a research report on Wednesday, April 10th. ValuEngine lowered Flowers Foods from a buy rating to a hold rating in a research report on Friday, February 8th. Finally, Pivotal Research reissued a sell rating and set a $16.00 price target on shares of Flowers Foods in a research report on Thursday, February 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Flowers Foods currently has a consensus rating of Hold and an average price target of $19.20.

In related news, insider Debo Mukherjee purchased 1,550 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $20.20 per share, for a total transaction of $31,310.00. Following the purchase, the insider now owns 1,550 shares in the company, valued at approximately $31,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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