Flowers Foods (FLO) Issues FY 2019 Earnings Guidance

Flowers Foods (NYSE:FLO) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.97. The company issued revenue guidance of $4.03-4.109 billion, compared to the consensus revenue estimate of $4.06 billion.

Shares of FLO stock traded up $0.07 on Wednesday, hitting $21.23. The company had a trading volume of 1,062,484 shares, compared to its average volume of 1,010,274. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 22.59 and a beta of 0.49. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79. Flowers Foods has a twelve month low of $17.78 and a twelve month high of $21.87.

FLO has been the subject of several recent research reports. Zacks Investment Research cut Flowers Foods from a buy rating to a hold rating in a research note on Wednesday, April 10th. ValuEngine cut Flowers Foods from a buy rating to a hold rating in a research note on Friday, February 8th. Finally, Pivotal Research reissued a sell rating and issued a $16.00 price target on shares of Flowers Foods in a research note on Thursday, February 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has a consensus rating of Hold and an average target price of $19.20.

In related news, insider Debo Mukherjee purchased 1,550 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $20.20 per share, with a total value of $31,310.00. Following the completion of the purchase, the insider now owns 1,550 shares in the company, valued at approximately $31,310. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.17% of the company’s stock.

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Flowers Foods Company Profile

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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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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