Flowers Foods (NYSE:FLO) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.94-1.02 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $4.03-4.109 billion, compared to the consensus revenue estimate of $4.06 billion.Flowers Foods also updated its FY19 guidance to $0.94-$1.02 EPS.
FLO stock opened at $21.23 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.79. Flowers Foods has a fifty-two week low of $17.78 and a fifty-two week high of $21.87. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 22.59 and a beta of 0.49.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a return on equity of 15.46% and a net margin of 3.98%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS. On average, analysts expect that Flowers Foods will post 0.99 EPS for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Flowers Foods from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research report on Tuesday, April 9th. Pivotal Research reaffirmed a sell rating and issued a $16.00 price objective on shares of Flowers Foods in a research report on Thursday, February 7th. Finally, ValuEngine cut Flowers Foods from a buy rating to a hold rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $19.20.
In other news, insider Debo Mukherjee purchased 1,550 shares of the stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $20.20 per share, with a total value of $31,310.00. Following the acquisition, the insider now directly owns 1,550 shares of the company’s stock, valued at $31,310. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.17% of the stock is owned by corporate insiders.
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About Flowers Foods
Flowers Foods, Inc produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery. The Direct-Store-Delivery segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Dave's Killer Bread, Tastykake, Wonder, and Cobblestone Bread Company brand names.
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