Jefferies Financial Group Equities Analysts Lower Earnings Estimates for Flowers Foods, Inc. (NYSE:FLO)

Flowers Foods, Inc. (NYSE:FLOGet Rating) – Jefferies Financial Group reduced their FY2022 earnings estimates for Flowers Foods in a research note issued on Thursday, April 21st. Jefferies Financial Group analyst R. Dickerson now expects that the company will earn $1.27 per share for the year, down from their previous forecast of $1.28. Jefferies Financial Group also issued estimates for Flowers Foods’ Q4 2022 earnings at $0.27 EPS and Q1 2023 earnings at $0.42 EPS.

Separately, StockNews.com cut Flowers Foods from a “buy” rating to a “hold” rating in a research report on Friday, March 25th.

Shares of NYSE FLO opened at $27.38 on Monday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 28.52 and a beta of 0.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.44 and a quick ratio of 1.18. The business has a 50-day moving average of $26.43 and a two-hundred day moving average of $26.65. Flowers Foods has a 1 year low of $22.61 and a 1 year high of $29.73.

Flowers Foods (NYSE:FLOGet Rating) last released its earnings results on Thursday, February 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The company had revenue of $983.50 million during the quarter, compared to analysts’ expectations of $991.12 million. Flowers Foods had a net margin of 4.76% and a return on equity of 18.73%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.28 earnings per share.

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in Flowers Foods by 131.6% in the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after purchasing an additional 1,295 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Flowers Foods by 5.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 106,506 shares of the company’s stock worth $2,517,000 after acquiring an additional 5,354 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Flowers Foods by 46.7% in the third quarter. Janney Montgomery Scott LLC now owns 31,184 shares of the company’s stock valued at $737,000 after purchasing an additional 9,922 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Flowers Foods in the third quarter valued at approximately $370,000. Finally, SG Americas Securities LLC increased its stake in shares of Flowers Foods by 84.4% in the third quarter. SG Americas Securities LLC now owns 83,707 shares of the company’s stock valued at $1,978,000 after purchasing an additional 38,307 shares during the period. Institutional investors own 69.41% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, March 3rd. Flowers Foods’s payout ratio is currently 87.50%.

Flowers Foods Company Profile (Get Rating)

Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names.

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

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