Equities research analysts expect Flowers Foods, Inc. (NYSE:FLO) to announce sales of $1.23 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Flowers Foods’ earnings, with the lowest sales estimate coming in at $1.23 billion and the highest estimate coming in at $1.24 billion. Flowers Foods reported sales of $1.21 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The firm is scheduled to announce its next 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 fiscal year, with estimates ranging from $4.05 billion to $4.07 billion. For the next financial year, analysts anticipate that the business will report sales of $4.15 billion, with estimates ranging from $4.12 billion to $4.19 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Flowers Foods.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Flowers Foods had a net margin of 3.98% and a return on equity of 15.46%. The firm had revenue of $880.67 million for the quarter, compared to analyst estimates of $869.41 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The business’s revenue was up .8% on a year-over-year basis.
FLO traded down $0.11 during trading on Friday, reaching $21.47. The company had a trading volume of 56,230 shares, compared to its average volume of 866,195. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.05 and a current ratio of 1.36. Flowers Foods has a 12 month low of $17.78 and a 12 month high of $22.82. The firm has a market cap of $4.56 billion, a P/E ratio of 22.84 and a beta of 0.50.
In other Flowers Foods news, insider Debo Mukherjee bought 1,550 shares of Flowers Foods stock in a transaction dated Thursday, March 14th. The stock was bought 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 approximately $31,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Strs Ohio boosted its holdings in Flowers Foods by 2.5% in the fourth quarter. Strs Ohio now owns 25,661 shares of the company’s stock worth $473,000 after acquiring an additional 630 shares in the last quarter. Taylor Frigon Capital Management LLC raised its stake in shares of Flowers Foods by 1.4% during the 4th quarter. Taylor Frigon Capital Management LLC now owns 47,674 shares of the company’s stock valued at $881,000 after buying an additional 655 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Flowers Foods by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 237,890 shares of the company’s stock valued at $4,394,000 after buying an additional 792 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Flowers Foods by 11.1% during the 4th quarter. Advisor Group Inc. now owns 9,133 shares of the company’s stock valued at $168,000 after buying an additional 909 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of Flowers Foods by 0.3% during the 4th quarter. American International Group Inc. now owns 373,907 shares of the company’s stock valued at $6,906,000 after buying an additional 1,029 shares during the last quarter. 67.43% of the stock is owned by institutional investors.
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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