Flowers Foods, Inc. (NYSE:FLO) Expected to Announce Earnings of $0.26 Per Share

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Equities analysts predict that Flowers Foods, Inc. (NYSE:FLO) will announce earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Flowers Foods’ earnings, with estimates ranging from $0.25 to $0.27. Flowers Foods reported earnings of $0.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, August 14th.

On average, analysts expect that Flowers Foods will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.02. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Flowers Foods.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 4.28% and a return on equity of 15.85%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.30 EPS.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and a consensus price target of $19.25.

Several hedge funds have recently added to or reduced their stakes in FLO. Carroll Financial Associates Inc. lifted its stake in shares of Flowers Foods by 1,406.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock valued at $30,000 after purchasing an additional 1,336 shares during the last quarter. GWM Advisors LLC lifted its stake in shares of Flowers Foods by 101.6% in the 1st 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. FMR LLC lifted its stake in shares of Flowers Foods by 131.6% in the 1st 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. Quantamental Technologies LLC lifted its stake in shares of Flowers Foods by 59.6% in the 1st quarter. Quantamental Technologies LLC now owns 2,411 shares of the company’s stock valued at $51,000 after purchasing an additional 900 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Flowers Foods by 140.1% in the 1st quarter. Parallel Advisors LLC now owns 2,454 shares of the company’s stock valued at $52,000 after purchasing an additional 1,432 shares during the last quarter. 64.75% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:FLO traded down $0.05 during trading on Friday, reaching $23.34. 2,721 shares of the company traded hands, compared to its average volume of 1,084,703. The company has a fifty day simple moving average of $23.13. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 24.87 and a beta of 0.44. Flowers Foods has a 1-year low of $17.78 and a 1-year high of $23.95. The company has a current ratio of 1.17, a quick ratio of 0.92 and a debt-to-equity ratio of 1.02.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Thursday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.18. Flowers Foods’s payout ratio is presently 80.85%.

About Flowers Foods

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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