Zacks: Brokerages Expect Flowers Foods, Inc. (FLO) to Post $0.31 Earnings Per Share

Wall Street brokerages forecast that Flowers Foods, Inc. (NYSE:FLO) will post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Flowers Foods’ earnings, with estimates ranging from $0.28 to $0.32. Flowers Foods posted earnings per share of $0.25 in the same quarter last year, which would suggest a positive year over year growth rate of 24%. The firm is scheduled to issue its next earnings results on Wednesday, May 16th.

According to Zacks, analysts expect that Flowers Foods will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.12. For the next year, analysts anticipate that the business will post earnings of $1.16 per share, with EPS estimates ranging from $1.10 to $1.22. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Flowers Foods.

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

Several analysts have commented on FLO shares. TheStreet raised Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Hilliard Lyons started coverage on Flowers Foods in a report on Tuesday. They issued a “buy” rating and a $25.00 price objective on the stock. KeyCorp reissued a “buy” rating on shares of Flowers Foods in a report on Wednesday, March 28th. Zacks Investment Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, February 19th. Finally, Pivotal Research dropped their price objective on Flowers Foods to $26.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $22.13.

Shares of FLO opened at $22.27 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Flowers Foods has a 12 month low of $16.80 and a 12 month high of $22.50. The company has a market capitalization of $4,679.73, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 3.38 and a beta of 0.67.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Thursday, March 1st. Flowers Foods’s dividend payout ratio is presently 76.40%.

In other news, insider David M. Roach sold 10,500 shares of Flowers Foods stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the sale, the insider now directly owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.81% of the company’s stock.

Several large investors have recently modified their holdings of FLO. Truewealth LLC acquired a new stake in shares of Flowers Foods in the fourth quarter worth approximately $119,000. Advisor Group Inc. boosted its stake in shares of Flowers Foods by 77.8% in the fourth quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock worth $132,000 after acquiring an additional 2,990 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of Flowers Foods in the third quarter worth approximately $192,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Flowers Foods by 48.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Flowers Foods in the fourth quarter worth approximately $195,000. 63.00% of the stock is currently owned by hedge funds and other institutional investors.

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Flowers Foods Company Profile

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

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