Flowers Foods, Inc. (NYSE:FLO) will post its quarterly earnings results after the market closes on Tuesday, November 7th. Analysts expect Flowers Foods to post 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, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a return on equity of 14.79% and a net margin of 4.06%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. On average, analysts expect Flowers Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Flowers Foods, Inc. (FLO) opened at $18.34 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $3,839.38, a PE ratio of 21.33, a price-to-earnings-growth ratio of 3.53 and a beta of 1.00. Flowers Foods, Inc. has a fifty-two week low of $15.05 and a fifty-two week high of $21.00.
In other news, insider Robert L. Benton, Jr. sold 18,500 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.83, for a total transaction of $348,355.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Amos R. Mcmullian bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $17.91 per share, with a total value of $358,200.00. Following the acquisition, the chairman now directly owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The disclosure for this purchase can be found here. Insiders have sold a total of 98,735 shares of company stock valued at $1,818,921 in the last quarter. Company insiders own 15.81% of the company’s stock.
Several analysts have commented on the company. BMO Capital Markets restated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a report on Thursday. Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. Jefferies Group LLC restated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a report on Thursday, August 31st. Finally, BidaskClub upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Flowers Foods has an average rating of “Buy” and a consensus target price of $19.67.
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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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