$0.23 EPS Expected for Flowers Foods, Inc. (NYSE:FLO) This Quarter

Analysts expect Flowers Foods, Inc. (NYSE:FLO) to post earnings per share (EPS) of $0.23 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Flowers Foods’ earnings, with estimates ranging from $0.22 to $0.24. Flowers Foods also reported earnings per share of $0.23 during the same quarter last year. The company is expected to issue its next quarterly earnings report on Wednesday, November 6th.

According to Zacks, analysts expect that Flowers Foods will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.96 to $0.98. For the next financial year, analysts expect that the business will post earnings of $1.04 per share, with EPS estimates ranging from $1.03 to $1.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Flowers Foods.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, August 7th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $975.76 million for the quarter, compared to analyst estimates of $967.66 million. Flowers Foods had a return on equity of 15.95% and a net margin of 4.44%. Flowers Foods’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

A number of equities analysts recently weighed in on the stock. ValuEngine downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson assumed coverage on shares of Flowers Foods in a report on Monday, August 5th. They set a “neutral” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

A number of institutional investors and hedge funds have recently modified their holdings of FLO. Carroll Financial Associates Inc. increased its holdings in Flowers Foods by 1,406.3% during the first quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock worth $30,000 after buying an additional 1,336 shares during the last quarter. Advisory Services Network LLC increased its holdings in shares of Flowers Foods by 138.4% in the second quarter. Advisory Services Network LLC now owns 1,323 shares of the company’s stock valued at $31,000 after purchasing an additional 768 shares during the last quarter. GWM Advisors LLC increased its holdings in shares of Flowers Foods by 101.6% in the first quarter. GWM Advisors LLC now owns 49,260 shares of the company’s stock valued at $33,000 after purchasing an additional 24,825 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Flowers Foods in the second quarter valued at $39,000. Finally, FMR LLC increased its holdings in shares of Flowers Foods by 131.6% in the first quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 64.96% of the company’s stock.

FLO traded down $0.62 during trading on Friday, reaching $22.32. 2,047,691 shares of the stock were exchanged, compared to its average volume of 1,008,547. The company has a market cap of $4.85 billion, a PE ratio of 23.74 and a beta of 0.41. Flowers Foods has a twelve month low of $17.78 and a twelve month high of $24.35. The business’s 50 day moving average price is $23.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.92 and a current ratio of 1.15.

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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