Flowers Foods (NYSE:FLO) Issues FY18 Earnings Guidance

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.

A number of research analysts have weighed in on the stock. TheStreet raised shares of Flowers Foods from a c+ rating to a b rating in a report on Wednesday, February 7th. Stephens reissued a hold rating and set a $20.00 target price on shares of Flowers Foods in a research note on Friday, February 9th. Pivotal Research cut their target price on shares of Flowers Foods to $26.00 and set a buy rating for the company in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Flowers Foods from a hold rating to a sell rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets boosted their target price on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a market perform rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $21.00.

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.

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

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