Equities analysts expect Flowers Foods, Inc. (NYSE:FLO) to report $1.23 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Flowers Foods’ earnings. The lowest sales estimate is $1.23 billion and the highest is $1.24 billion. Flowers Foods reported sales of $1.21 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 15th.
According to Zacks, analysts expect that Flowers Foods will report full-year sales of $4.06 billion for the current year, with estimates ranging from $4.05 billion to $4.07 billion. For the next year, analysts expect that the firm will post sales of $4.15 billion, with estimates ranging from $4.12 billion to $4.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Flowers Foods had a return on equity of 15.46% and a net margin of 3.98%. The business had revenue of $880.67 million during the quarter, compared to the consensus estimate of $869.41 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. Flowers Foods’s revenue was up .8% compared to the same quarter last year.
In other Flowers Foods news, insider Debo Mukherjee acquired 1,550 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $20.20 per share, with a total value of $31,310.00. Following the completion of the transaction, the insider now owns 1,550 shares in the company, valued at $31,310. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 15.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new position in Flowers Foods in the fourth quarter worth $28,000. Oregon Public Employees Retirement Fund boosted its position in Flowers Foods by 1,721.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,336,840 shares of the company’s stock worth $72,000 after purchasing an additional 1,263,444 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in Flowers Foods in the fourth quarter worth $72,000. Capital Investment Advisory Services LLC purchased a new position in Flowers Foods in the fourth quarter worth $95,000. Finally, Atwood & Palmer Inc. purchased a new position in Flowers Foods in the fourth quarter worth $118,000. 67.43% of the stock is currently owned by institutional investors and hedge funds.
Flowers Foods stock traded up $0.04 during trading on Friday, hitting $21.32. 834,426 shares of the company were exchanged, compared to its average volume of 1,123,844. Flowers Foods has a 52 week low of $17.78 and a 52 week high of $22.82. The company has a market capitalization of $4.49 billion, a P/E ratio of 22.68 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.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.18 dividend. The ex-dividend date was Thursday, February 28th. This represents a $0.72 annualized dividend and a yield of 3.38%. Flowers Foods’s dividend payout ratio is currently 76.60%.
About Flowers Foods
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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