Flowers Foods, Inc. (FLO) Releases FY17 Earnings Guidance

Flowers Foods, Inc. (NYSE:FLO) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.85-0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.89. The company issued revenue guidance of $3.927-4.006 billion, compared to the consensus revenue estimate of $3.94 billion.

Flowers Foods, Inc. (FLO) traded down 3.55% during trading on Friday, hitting $17.67. 3,998,368 shares of the stock were exchanged. Flowers Foods, Inc. has a 52 week low of $14.35 and a 52 week high of $21.00. The firm has a market cap of $3.70 billion, a PE ratio of 22.40 and a beta of 0.97. The firm’s 50-day moving average is $18.75 and its 200 day moving average is $19.17.

Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, May 17th. The company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Flowers Foods had a net margin of 4.22% and a return on equity of 15.39%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 earnings per share. Analysts expect that Flowers Foods, Inc. will post $0.87 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 9th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.85%. This is a boost from Flowers Foods’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, June 7th. Flowers Foods’s payout ratio is presently 87.18%.

A number of research firms have weighed in on FLO. Zacks Investment Research upgraded shares of Flowers Foods from a sell rating to a hold rating in a research note on Tuesday, May 9th. Jefferies Group LLC reiterated a buy rating and issued a $23.00 target price on shares of Flowers Foods in a research note on Friday, May 26th. Finally, TheStreet upgraded shares of Flowers Foods from a c+ rating to a b- rating in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $20.14.

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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.

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