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.
TRADEMARK VIOLATION NOTICE: This article was first reported by WKRB News and is the property of of WKRB News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.wkrb13.com/2019/05/15/flowers-foods-flo-releases-fy-2019-earnings-guidance.html.
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.
Recommended Story: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.com's FREE daily email newsletter.