Wall Street analysts expect Flowers Foods, Inc. (NYSE:FLO) to report earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Flowers Foods’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.27. Flowers Foods reported earnings of $0.25 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Flowers Foods will report full-year earnings of $1.00 per share for the current year, with EPS estimates ranging from $0.98 to $1.02. For the next fiscal year, analysts expect that the firm will report earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Flowers Foods had a return on equity of 15.85% and a net margin of 4.28%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.30 EPS. Flowers Foods’s quarterly revenue was up 4.8% compared to the same quarter last year.
Shares of FLO traded up $0.17 on Friday, hitting $23.61. The company’s stock had a trading volume of 28,759 shares, compared to its average volume of 1,023,912. The company has a quick ratio of 0.92, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $23.15. Flowers Foods has a fifty-two week low of $17.78 and a fifty-two week high of $23.95. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 25.11 and a beta of 0.44.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.19 dividend. The ex-dividend date was Thursday, June 6th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 3.22%. Flowers Foods’s payout ratio is currently 80.85%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Flowers Foods by 1.7% in the first quarter. BlackRock Inc. now owns 16,517,667 shares of the company’s stock valued at $352,156,000 after buying an additional 279,339 shares during the period. Champlain Investment Partners LLC raised its stake in shares of Flowers Foods by 1.8% in the first quarter. Champlain Investment Partners LLC now owns 6,293,150 shares of the company’s stock valued at $134,170,000 after buying an additional 110,665 shares during the period. APG Asset Management N.V. raised its stake in shares of Flowers Foods by 36.2% in the fourth quarter. APG Asset Management N.V. now owns 3,663,400 shares of the company’s stock valued at $59,190,000 after buying an additional 972,700 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Flowers Foods by 27.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,395,361 shares of the company’s stock valued at $62,713,000 after buying an additional 731,718 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Flowers Foods by 10.5% in the first quarter. Victory Capital Management Inc. now owns 2,872,668 shares of the company’s stock valued at $61,245,000 after buying an additional 273,093 shares during the period. Hedge funds and other institutional investors own 64.75% of the company’s stock.
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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