$0.15 EPS Expected for Flowers Foods, Inc. (FLO) This Quarter
Analysts predict that Flowers Foods, Inc. (NYSE:FLO) will post earnings per share of $0.15 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Flowers Foods’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.13. Flowers Foods reported earnings of $0.16 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.3%. The firm is scheduled to issue its next earnings results on Monday, February 12th.
On average, analysts expect that Flowers Foods will report full-year earnings of $0.86 per share for the current fiscal year, with EPS estimates ranging from $0.85 to $0.88. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.92 per share, with EPS estimates ranging from $0.90 to $0.95. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Flowers Foods.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The firm had revenue of $932.80 million during the quarter, compared to analyst estimates of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. Flowers Foods’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS.
Several research analysts recently commented on FLO shares. Jefferies Group LLC reiterated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BMO Capital Markets reiterated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. BidaskClub upgraded shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. Finally, Pivotal Research upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.43.
In other news, EVP Marta Jones Turner sold 37,062 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $17.91, for a total value of $663,780.42. Following the sale, the executive vice president now directly owns 266,444 shares of the company’s stock, valued at approximately $4,772,012.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Allen L. Shiver sold 177,081 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $19.00, for a total transaction of $3,364,539.00. Following the completion of the sale, the chief executive officer now directly owns 978,353 shares in the company, valued at $18,588,707. The disclosure for this sale can be found here. In the last three months, insiders have sold 356,816 shares of company stock worth $6,728,130. 15.81% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cadence Capital Management LLC lifted its stake in shares of Flowers Foods by 25.1% in the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock valued at $599,000 after purchasing an additional 6,935 shares during the period. Systematic Financial Management LP acquired a new position in shares of Flowers Foods in the 2nd quarter valued at $1,555,000. Mutual of America Capital Management LLC lifted its stake in shares of Flowers Foods by 2.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 152,873 shares of the company’s stock valued at $2,876,000 after purchasing an additional 3,633 shares during the period. Janus Capital Management LLC lifted its stake in shares of Flowers Foods by 123.8% in the 1st quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after purchasing an additional 47,400 shares during the period. Finally, BTIM Corp. lifted its stake in shares of Flowers Foods by 4.0% in the 2nd quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock valued at $20,515,000 after purchasing an additional 46,117 shares during the period. Hedge funds and other institutional investors own 68.69% of the company’s stock.
Flowers Foods (FLO) traded up $0.49 during midday trading on Thursday, hitting $20.04. 615,503 shares of the company traded hands, compared to its average volume of 1,366,988. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.28. The company has a market cap of $4,160.00, a price-to-earnings ratio of 22.24, a PEG ratio of 3.73 and a beta of 1.00. Flowers Foods has a 1 year low of $15.27 and a 1 year high of $21.00.
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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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