Analysts AwaitFReduced Foods, Inc. (FLO) Will Announce Revenue of $0.24 Per Share

Analysts AwaitFReduced Foods, Inc. (FLO) Will Announce Revenue of $0.24 Per Share

Equities research analysts expect Flowers Foods, Inc. (NYSE:FLO) to report earnings of $0.24 per share for the current quarter, Zacks reports. Four analysts have made estimates for Flowers Foods’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.25. Flowers Foods posted earnings per share of $0.26 during the same quarter last year, which suggests a negative year-over-year growth rate of 7.7%. The company is scheduled to announce its next earnings results on Wednesday, August 9th.

On average, analysts expect that Flowers Foods will report full year earnings of $0.88 per share for the current year, with EPS estimates ranging from $0.83 to $0.90. For the next year, analysts forecast that the firm will post earnings of $1.00 per share, with EPS estimates ranging from $0.89 to $1.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Flowers Foods.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, May 17th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Flowers Foods had a return on equity of 16.42% and a net margin of 4.17%. The business’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share.

FLO has been the subject of several recent analyst reports. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. Gabelli upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, February 15th. Jefferies Group LLC restated a “buy” rating and set a $23.00 price objective on shares of Flowers Foods in a research report on Friday, May 26th. Finally, Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a research report on Monday, February 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Flowers Foods has an average rating of “Hold” and an average target price of $20.14.

Several hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its position in Flowers Foods by 58.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,195 shares of the company’s stock valued at $101,000 after buying an additional 1,923 shares in the last quarter. Ledyard National Bank purchased a new position in Flowers Foods during the first quarter valued at approximately $161,000. Edmp Inc. purchased a new position in Flowers Foods during the first quarter valued at approximately $194,000. Envestnet Asset Management Inc. increased its position in Flowers Foods by 85.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,131 shares of the company’s stock valued at $202,000 after buying an additional 4,654 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in Flowers Foods during the first quarter valued at approximately $229,000. Institutional investors and hedge funds own 67.50% of the company’s stock.

Shares of Flowers Foods (NYSE FLO) traded down 0.11% on Monday, hitting $18.68. The company’s stock had a trading volume of 864,795 shares. Flowers Foods has a 52 week low of $14.35 and a 52 week high of $21.00. The stock’s 50-day moving average price is $19.14 and its 200-day moving average price is $19.09. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 23.68 and a beta of 0.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a dividend of $0.17 per share. This is an increase from Flowers Foods’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Wednesday, June 7th. Flowers Foods’s dividend payout ratio is currently 83.12%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FLO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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