Equities analysts expect that Flowers Foods, Inc. (NYSE:FLO) will report sales of $1.01 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Flowers Foods’ earnings. The highest sales estimate is $1.02 billion and the lowest is $1.00 billion. Flowers Foods reported sales of $975.76 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 5th.
According to Zacks, analysts expect that Flowers Foods will report full year sales of $4.32 billion for the current fiscal year, with estimates ranging from $4.30 billion to $4.37 billion. For the next financial year, analysts anticipate that the business will report sales of $4.26 billion, with estimates ranging from $4.24 billion to $4.28 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Flowers Foods.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, May 13th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.08. Flowers Foods had a net margin of 2.21% and a return on equity of 17.35%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion.
Shares of NYSE FLO traded down $0.32 during midday trading on Monday, reaching $22.00. 1,346,062 shares of the stock were exchanged, compared to its average volume of 1,110,217. The company has a market capitalization of $4.72 billion, a P/E ratio of 51.16 and a beta of 0.38. Flowers Foods has a 52-week low of $17.42 and a 52-week high of $25.08. The company has a current ratio of 1.65, a quick ratio of 1.38 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $22.76 and a 200-day moving average price of $22.13.
The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were given a dividend of $0.20 per share. This is a boost from Flowers Foods’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Thursday, June 4th. Flowers Foods’s payout ratio is presently 83.33%.
Several hedge funds and other institutional investors have recently bought and sold shares of FLO. FMR LLC lifted its position in shares of Flowers Foods by 131.6% during the first quarter. FMR LLC now owns 2,279 shares of the company’s stock worth $49,000 after purchasing an additional 1,295 shares in the last quarter. Swiss National Bank increased its stake in shares of Flowers Foods by 1.8% in the fourth quarter. Swiss National Bank now owns 364,463 shares of the company’s stock worth $7,923,000 after buying an additional 6,400 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Flowers Foods by 10.1% in the fourth quarter. Victory Capital Management Inc. now owns 3,245,421 shares of the company’s stock worth $70,555,000 after buying an additional 296,932 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Flowers Foods by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,356,484 shares of the company’s stock worth $51,230,000 after buying an additional 77,148 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Flowers Foods by 0.9% in the fourth quarter. Comerica Bank now owns 115,065 shares of the company’s stock worth $2,528,000 after buying an additional 1,000 shares during the last quarter. 66.86% of the stock is currently owned by institutional investors and hedge funds.
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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