Analysts expect the sales volume of Flowers Foods, Inc. (NYSE: FLO) will total $ 1.01 billion in the current fiscal quarter, according to Zacks Investment Research. Three analysts provided estimates of Flowers Foods’ earnings. The highest estimate for sales is $ 1.02 billion and the lowest is $ 1 billion. Flowers Foods’ sales for the same quarter last year were $ 1.03 billion, implying negative annualized growth of 1.9%. The company is expected to release its next quarterly results on Thursday, August 5th.
Sachs said analysts expect Flowers Foods to report full-year sales of $ 4.26 billion this year, with estimates ranging from $ 4.26 billion to $ 4.27 billion. Analysts expect the company to report sales of $ 4.36 billion in the next fiscal year, with estimates ranging from $ 4.33 billion to $ 4.39 billion. Zacks Investment Research’s average sales figures are based on a survey of research firms in Flowers Foods.
Flowers Foods (NYSE: FLO) last released quarterly results on Thursday, May 20. The company reported earnings of $ 0.41 per share for the quarter, up $ 0.02 more than the Thomson Reuters consensus of $ 0.39. The company’s revenue for the quarter was $ 1.30 billion, compared with the consensus estimate of $ 1.33 billion. Flowers Foods had a return on equity of 20.32% and a net margin of 5.29%. Flowers Foods’ revenue was down 3.5% year over year. During the same period last year, the company’s earnings per share were $ 0.41.
In addition, Deutsche Bank Aktiengesellschaft lowered its price target for Flowers Foods from $ 25 to $ 24 and set the company a ‘hold’ rating in its report on Monday 24 May.
FLO shares opened at $ 24.64 on Friday. The company has a market cap of $ 5.22 billion, a P / E ratio of 22.81 and a beta of 0.28. The company has a current ratio of 1.71, a quick ratio of 1.43 and a debt to equity ratio of 0.63. The fifty-day moving average is $ 24.32. Flowers Foods has a 52 week minimum price of $ 21.55 and a maximum price of $ 25.48 for 52 weeks.
The company also recently announced its quarterly dividend payout on Thursday, June 24th. Shareholders registered on Thursday, June 10 will receive a dividend of $ 0.21. That’s an increase from Flowers Foods’ previous quarterly dividend of $ 0.20. This represents an annualized dividend of $ 0.84 and a 3.41% yield. The ex-dividend date for these dividends is Wednesday, June 9th. Flowers Foods’ dividend payout ratio is currently 61.07%.
A number of large investors have recently bought and sold shares in the company. Massachusetts Financial Services Co. MA increased its position at Flowers Foods by 0.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 71,891 shares in the company for $ 1,711,000 after purchasing an additional 461 shares in the last quarter. Signature Wealth Management Group increased its position in Flowers Foods by 0.4% in Q1. Signature Wealth Management Group now owns 136,833 shares in the company for $ 3,257,000 after purchasing an additional 556 shares in the last quarter. Victory Capital Management Inc. increased its position in Flowers Foods by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 47,038 shares in the company for $ 1,064,000 after purchasing an additional 587 shares during the last quarter. Signaturefd LLC increased its position in Flowers Foods by 6.4% in the 4th quarter. Signaturefd LLC now owns 9,841 shares of the company for $ 223,000 after purchasing an additional 589 shares during the last quarter. Finally, in the first quarter, Profund Advisors LLC increased its position in Flowers Foods by 5.3%. Profund Advisors LLC now owns 12,319 shares in the company for $ 293,000 after purchasing an additional 618 shares in the last quarter. Institutional investors own 66.06% of the shares.
Flowers Foods Company Profile
Flowers Foods, Inc. manufactures and markets packaged baked goods in the United States. It offers fresh bread, rolls, rolls, snacks and tortillas, as well as frozen breads and rolls under the brand names Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s and Tastykake.
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