Flowers Foods (FLO) Scheduled to Post Quarterly Earnings on Thursday

Flowers Foods (NYSE:FLO – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 19th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Flowers Foods (NYSE:FLO – Get Rating) last issued its earnings results on Thursday, February 10th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.02). The business had revenue of $983.50 million for the quarter, compared to analyst estimates of $991.12 million. Flowers Foods had a return on equity of 18.73% and a net margin of 4.76%. Flowers Foods’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. On average, analysts expect Flowers Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FLO opened at $26.85 on Thursday. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 27.97 and a beta of 0.23. Flowers Foods has a 52-week low of $22.61 and a 52-week high of $29.73. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $26.12 and a 200 day moving average price of $26.78.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Friday, March 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.84 annualized dividend and a dividend yield of 3.13%. Flowers Foods’s dividend payout ratio is presently 87.50%.

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

Several large investors have recently modified their holdings of FLO. Thrivent Financial for Lutherans raised its position in Flowers Foods by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 52,395 shares of the company’s stock valued at $1,439,000 after purchasing an additional 366 shares during the last quarter. Comerica Bank raised its position in Flowers Foods by 1.0% in the 4th quarter. Comerica Bank now owns 94,860 shares of the company’s stock valued at $2,666,000 after purchasing an additional 984 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in Flowers Foods by 18.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 12,921 shares of the company’s stock valued at $355,000 after purchasing an additional 1,973 shares during the last quarter. MML Investors Services LLC raised its position in Flowers Foods by 12.7% in the 4th quarter. MML Investors Services LLC now owns 23,368 shares of the company’s stock valued at $642,000 after purchasing an additional 2,641 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Flowers Foods by 2.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 122,215 shares of the company’s stock valued at $3,357,000 after purchasing an additional 2,647 shares during the last quarter. Institutional investors and hedge funds own 71.99% of the company’s stock.

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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