Flowers Foods, Inc. (FLO) Set to Announce Quarterly Earnings on Tuesday
Flowers Foods, Inc. (NYSE:FLO) is set to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Flowers Foods has set its FY17 guidance at $0.85-0.90 EPS.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $926.64 million during the quarter, compared to the consensus estimate of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, analysts expect Flowers Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Flowers Foods, Inc. (NYSE:FLO) opened at $18.34 on Friday. The company has a market cap of $3,839.39, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.37 and a quick ratio of 1.07. Flowers Foods, Inc. has a 12 month low of $15.05 and a 12 month high of $21.00.
Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research report on Thursday. BidaskClub cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC cut shares of Flowers Foods from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $23.00 to $19.00 in a research report on Friday, July 28th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $19.67.
In related news, EVP Marta Jones Turner sold 37,062 shares of the business’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 completion of the sale, the executive vice president now directly owns 266,444 shares of the company’s stock, valued at $4,772,012.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Amos R. Mcmullian purchased 20,000 shares of Flowers Foods stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $17.91 per share, with a total value of $358,200.00. Following the completion of the transaction, the chairman now owns 3,643,717 shares of the company’s stock, valued at $65,258,971.47. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 98,735 shares of company stock valued at $1,818,921. Corporate insiders own 15.81% of the company’s stock.
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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