Flowers Foods, Inc. (NYSE:FLO – Get Rating) – Equities research analysts at Jefferies Financial Group dropped their FY2023 earnings per share estimates for shares of Flowers Foods in a research note issued on Thursday, April 21st. Jefferies Financial Group analyst R. Dickerson now forecasts that the company will post earnings of $1.34 per share for the year, down from their previous forecast of $1.35.
Flowers Foods (NYSE:FLO – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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 period in the prior year, the business earned $0.28 earnings per share.
Shares of NYSE:FLO opened at $27.38 on Friday. Flowers Foods has a one year low of $22.61 and a one year high of $29.73. The company has a 50 day moving average of $26.43 and a 200-day moving average of $26.62. 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 stock has a market cap of $5.81 billion, a price-to-earnings ratio of 28.52 and a beta of 0.27.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, March 4th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.84 annualized dividend and a dividend yield of 3.07%. Flowers Foods’s dividend payout ratio is currently 87.50%.
Several hedge funds have recently added to or reduced their stakes in FLO. Thrivent Financial for Lutherans lifted its holdings in shares of Flowers Foods by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 52,395 shares of the company’s stock worth $1,439,000 after acquiring an additional 366 shares during the last quarter. Signaturefd LLC raised its holdings in Flowers Foods by 3.1% during the 4th quarter. Signaturefd LLC now owns 12,416 shares of the company’s stock worth $341,000 after purchasing an additional 369 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in Flowers Foods by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,989 shares of the company’s stock worth $467,000 after purchasing an additional 411 shares during the last quarter. Bank of Nova Scotia raised its holdings in Flowers Foods by 1.7% during the 3rd quarter. Bank of Nova Scotia now owns 25,186 shares of the company’s stock worth $595,000 after purchasing an additional 418 shares during the last quarter. Finally, Hancock Whitney Corp raised its holdings in Flowers Foods by 0.6% during the 4th quarter. Hancock Whitney Corp now owns 77,675 shares of the company’s stock worth $2,134,000 after purchasing an additional 465 shares during the last quarter. Institutional investors and hedge funds own 69.41% 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.
- Get a free copy of the StockNews.com research report on Flowers Foods (FLO)
- 3 Resilient Stocks to Buy for Retirement
- MarketBeat: Week in Review 4/18 – 4/22
- Tractor Supply Company Reaps What It Sows
- Snap (NYSE: SNAP) Gives Investors A Mixed Bag
- Should You Buy Carvana or AutoNation or Pass on Both?
Receive News & Ratings for Flowers Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods and related companies with MarketBeat.com's FREE daily email newsletter.