Flowers Foods (NYSE:FLO) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.04-1.16 for the period, compared to the Thomson Reuters consensus estimate of $0.96. The company issued revenue guidance of $3.92-3.98 billion, compared to the consensus revenue estimate of $3.93 billion.
Shares of Flowers Foods (FLO) traded up $0.03 on Thursday, reaching $20.89. 367,570 shares of the company’s stock traded hands, compared to its average volume of 1,367,389. Flowers Foods has a 52 week low of $16.80 and a 52 week high of $20.98. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4,332.63, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 3.17 and a beta of 0.91.
Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The firm had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. research analysts anticipate that Flowers Foods will post 1.07 earnings per share for the current fiscal year.
In other Flowers Foods news, insider Stephen R. Avera sold 68,908 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total value of $1,331,991.64. Following the transaction, the insider now directly owns 553,989 shares in the company, valued at approximately $10,708,607.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Steve Kinsey sold 116,067 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The disclosure for this sale can be found here. Insiders have sold 189,935 shares of company stock worth $3,679,598 over the last 90 days. 15.81% of the stock is currently owned by company insiders.
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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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