Flowers Foods (NYSE:FLO) Issues Earnings Results, Misses Estimates By $0.03 EPS

Flowers Foods (NYSE:FLO) released its quarterly earnings data on Friday. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03), RTT News reports. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Flowers Foods updated its FY 2025 guidance to 1.050-1.150 EPS.

Flowers Foods Price Performance

Flowers Foods stock opened at $17.29 on Friday. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 8.72 and a beta of 0.37. Flowers Foods has a 52-week low of $16.43 and a 52-week high of $24.81. The stock’s 50 day moving average price is $18.10 and its two-hundred day moving average price is $19.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FLO shares. Truist Financial dropped their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. DA Davidson lowered their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Monday, February 10th. Finally, Jefferies Financial Group lowered their price objective on Flowers Foods from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.25.

Hedge Funds Weigh In On Flowers Foods

A number of institutional investors and hedge funds have recently modified their holdings of FLO. Integrated Wealth Concepts LLC bought a new position in shares of Flowers Foods during the 1st quarter worth approximately $499,000. Empowered Funds LLC boosted its holdings in shares of Flowers Foods by 10.6% during the 1st quarter. Empowered Funds LLC now owns 150,404 shares of the company’s stock worth $2,859,000 after buying an additional 14,476 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Flowers Foods by 209.6% during the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock worth $18,054,000 after buying an additional 642,942 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Flowers Foods by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company’s stock worth $18,562,000 after buying an additional 65,258 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.