Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Flowers Foods (FLO) Stock Price
Press coverage about Flowers Foods (NYSE:FLO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flowers Foods earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.9522357165294 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks Investment Research Lowers Flowers Foods, Inc. (FLO) to Sell (americanbankingnews.com)
- Flowers Foods to close N.C. plant, lay off 169 employees (bizjournals.com)
- See what the IHS Markit Score report has to say about Flowers Foods Inc. (finance.yahoo.com)
- Q3 2017 EPS Estimates for Flowers Foods, Inc. (NYSE:FLO) Decreased by SunTrust Banks (americanbankingnews.com)
- Weekly Investment Analysts’ Ratings Changes for Flowers Foods (FLO) (wisdomsave.com)
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Group LLC lowered Flowers Foods from a “buy” rating to a “hold” rating and dropped their price objective for the company from $23.00 to $19.00 in a research note on Friday, July 28th. BMO Capital Markets reissued a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Finally, TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.57.
Shares of Flowers Foods (FLO) opened at 17.68 on Friday. The stock has a market cap of $3.70 billion, a P/E ratio of 23.29 and a beta of 0.97. The firm’s 50-day moving average price is $17.53 and its 200-day moving average price is $18.81. Flowers Foods has a 52-week low of $14.51 and a 52-week high of $21.00.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The business had revenue of $926.64 million during the quarter, compared to the consensus estimate of $931.26 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The business’s revenue was down .9% on a year-over-year basis. Equities analysts predict that Flowers Foods will post $0.87 EPS for the current year.
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Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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