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.
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.
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.
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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.
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