$1.20 Billion in Sales Expected for Flowers Foods, Inc. (FLO) This Quarter

Analysts forecast that Flowers Foods, Inc. (NYSE:FLO) will post $1.20 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flowers Foods’ earnings. Flowers Foods posted sales of $1.19 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.8%. The company is scheduled to announce its next earnings results on Wednesday, May 16th.

According to Zacks, analysts expect that Flowers Foods will report full-year sales of $1.20 billion for the current financial year, with estimates ranging from $3.93 billion to $3.96 billion. For the next year, analysts expect that the firm will post sales of $4.01 billion per share, with estimates ranging from $3.95 billion to $4.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Flowers Foods.

How to Become a New Pot Stock Millionaire

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The company had revenue of $873.60 million for the quarter, compared to analyst estimates of $860.34 million. During the same period in the prior year, the business posted $0.16 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year.

FLO has been the topic of several recent analyst reports. Stephens restated a “hold” rating and set a $20.00 target price on shares of Flowers Foods in a research report on Friday, February 9th. Zacks Investment Research downgraded shares of Flowers Foods from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Pivotal Research reduced their price target on shares of Flowers Foods to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Flowers Foods has an average rating of “Buy” and a consensus target price of $21.33.

Shares of FLO stock traded up $0.24 on Friday, reaching $20.77. 1,088,781 shares of the company’s stock traded hands, compared to its average volume of 1,291,038. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.66. Flowers Foods has a one year low of $16.80 and a one year high of $21.57. The firm has a market capitalization of $4,380.67, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.21 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, March 1st. Flowers Foods’s dividend payout ratio (DPR) is presently 95.77%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in shares of Flowers Foods by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 673,943 shares of the company’s stock valued at $12,677,000 after buying an additional 45,909 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Flowers Foods by 8.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,640,892 shares of the company’s stock valued at $30,866,000 after buying an additional 122,709 shares during the period. Koch Industries Inc. lifted its stake in shares of Flowers Foods by 143.3% during the fourth quarter. Koch Industries Inc. now owns 44,200 shares of the company’s stock valued at $854,000 after buying an additional 26,030 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Flowers Foods by 21.9% during the third quarter. Russell Investments Group Ltd. now owns 885,566 shares of the company’s stock valued at $16,658,000 after buying an additional 159,029 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Flowers Foods during the third quarter valued at approximately $367,000. 62.94% of the stock is currently owned by institutional investors.

WARNING: “$1.20 Billion in Sales Expected for Flowers Foods, Inc. (FLO) This Quarter” was first posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/3293872/1-20-billion-in-sales-expected-for-flowers-foods-inc-flo-this-quarter.html.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Get a free copy of the Zacks research report on Flowers Foods (FLO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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.

Latest News

Wheaton Precious Metals Co.  Receives Average Recommendation of “Buy” from Brokerages
Wheaton Precious Metals Co. Receives Average Recommendation of “Buy” from Brokerages
Zacks: Brokerages Expect James River Group Holdings Ltd  Will Post Quarterly Sales of $214.55 Million
Zacks: Brokerages Expect James River Group Holdings Ltd Will Post Quarterly Sales of $214.55 Million
RSGPcoin  Tops 1-Day Volume of $0.00
RSGPcoin Tops 1-Day Volume of $0.00
Privatix  Price Hits $2.15 on Major Exchanges
Privatix Price Hits $2.15 on Major Exchanges
Eaton Co.  Expected to Announce Earnings of $1.06 Per Share
Eaton Co. Expected to Announce Earnings of $1.06 Per Share
Micro Focus  Earning Somewhat Favorable Press Coverage, Study Finds
Micro Focus Earning Somewhat Favorable Press Coverage, Study Finds


© 2006-2018 Ticker Report. Google+.