$866.65 Million in Sales Expected for Flowers Foods, Inc. (FLO) This Quarter

Wall Street analysts expect Flowers Foods, Inc. (NYSE:FLO) to report $866.65 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Flowers Foods’ earnings. The lowest sales estimate is $864.00 million and the highest is $868.60 million. Flowers Foods posted sales of $873.62 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.8%. The firm is expected to report its next earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Flowers Foods will report full year sales of $3.94 billion for the current year. For the next year, analysts forecast that the firm will report sales of $4.04 billion, with estimates ranging from $4.02 billion to $4.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Flowers Foods.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $923.45 million for the quarter, compared to analysts’ expectations of $931.87 million. Flowers Foods had a return on equity of 15.61% and a net margin of 5.45%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.

Several brokerages have recently issued reports on FLO. Jefferies Financial Group reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Friday, August 10th. Pivotal Research downgraded Flowers Foods from a “buy” rating to a “sell” rating and dropped their price target for the stock from $24.00 to $16.00 in a research report on Thursday, November 8th. Zacks Investment Research reissued a “hold” rating on shares of Flowers Foods in a research report on Tuesday, November 13th. Deutsche Bank set a $18.00 price target on Flowers Foods and gave the stock a “hold” rating in a research report on Monday, November 12th. Finally, Consumer Edge downgraded Flowers Foods from an “overweight” rating to an “equal weight” rating in a research report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Flowers Foods has an average rating of “Hold” and a consensus target price of $20.50.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centaurus Financial Inc. purchased a new stake in Flowers Foods during the 2nd quarter worth about $101,000. Bessemer Group Inc. lifted its stake in shares of Flowers Foods by 447.4% in the 3rd quarter. Bessemer Group Inc. now owns 6,503 shares of the company’s stock valued at $121,000 after purchasing an additional 5,315 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Flowers Foods by 380.3% in the 2nd quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock valued at $142,000 after purchasing an additional 5,393 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Flowers Foods in the 3rd quarter valued at $201,000. Finally, MainStreet Investment Advisors LLC acquired a new stake in shares of Flowers Foods in the 2nd quarter valued at $204,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Shares of FLO traded up $0.05 during mid-day trading on Tuesday, hitting $19.79. 1,558,568 shares of the stock were exchanged, compared to its average volume of 1,991,512. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.37 and a beta of 0.30. Flowers Foods has a 52-week low of $18.12 and a 52-week high of $22.82. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.42 and a quick ratio of 1.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is currently 80.90%.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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