Flowers Foods, Inc. (NYSE:FLO) Expected to Announce Quarterly Sales of $1.40 Billion

Wall Street brokerages expect Flowers Foods, Inc. (NYSE:FLOGet Rating) to report sales of $1.40 billion for the current quarter, according to Zacks. Three analysts have made estimates for Flowers Foods’ earnings. The highest sales estimate is $1.41 billion and the lowest is $1.39 billion. Flowers Foods posted sales of $1.30 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Flowers Foods will report full-year sales of $4.66 billion for the current financial year, with estimates ranging from $4.64 billion to $4.67 billion. For the next financial year, analysts forecast that the company will report sales of $4.75 billion, with estimates ranging from $4.71 billion to $4.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Flowers Foods.

Flowers Foods (NYSE:FLOGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The firm had revenue of $983.50 million for the quarter, compared to the consensus estimate of $991.12 million. Flowers Foods had a return on equity of 18.73% and a net margin of 4.76%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share.

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

Several institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of Flowers Foods by 8.1% during the 1st quarter. Renaissance Technologies LLC now owns 5,999,785 shares of the company’s stock worth $154,254,000 after purchasing an additional 450,441 shares during the last quarter. Verition Fund Management LLC acquired a new position in Flowers Foods in the 1st quarter valued at about $1,096,000. Charles Schwab Investment Management Inc. grew its stake in Flowers Foods by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,871,950 shares of the company’s stock valued at $99,548,000 after buying an additional 252,259 shares during the last quarter. Edgestream Partners L.P. grew its stake in Flowers Foods by 993.5% in the 1st quarter. Edgestream Partners L.P. now owns 82,644 shares of the company’s stock valued at $2,125,000 after buying an additional 75,086 shares during the last quarter. Finally, Sowell Financial Services LLC grew its stake in Flowers Foods by 0.8% in the 1st quarter. Sowell Financial Services LLC now owns 432,636 shares of the company’s stock valued at $11,123,000 after buying an additional 3,596 shares during the last quarter. Institutional investors own 71.99% of the company’s stock.

FLO opened at $27.34 on Monday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 28.48 and a beta of 0.23. Flowers Foods has a 12 month low of $22.61 and a 12 month high of $29.73. The firm’s fifty day simple moving average is $26.16 and its 200 day simple moving average is $26.84. The company has a current ratio of 1.44, a quick ratio of 1.18 and a debt-to-equity ratio of 0.63.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Shareholders 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 yield of 3.07%. Flowers Foods’s dividend payout ratio (DPR) is presently 87.50%.

About Flowers Foods (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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