Flowers Foods (FLO) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Flowers Foods (NYSE:FLO) issued its earnings results on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03, Briefing.com reports. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The firm had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. During the same quarter last year, the company posted $0.16 earnings per share. The firm’s revenue was up .6% compared to the same quarter last year. Flowers Foods updated its FY18 guidance to $1.04-1.16 EPS.
Flowers Foods (NYSE:FLO) traded up $0.29 on Friday, reaching $20.25. 185,619 shares of the company’s stock were exchanged, compared to its average volume of 1,267,792. Flowers Foods has a one year low of $16.80 and a one year high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4,180.00, a PE ratio of 28.11, a price-to-earnings-growth ratio of 3.38 and a beta of 0.91.
Several brokerages recently issued reports on FLO. Stephens reissued a “hold” rating and set a $20.00 target price on shares of Flowers Foods in a report on Friday. Pivotal Research reduced their target price on shares of Flowers Foods to $26.00 and set a “buy” rating for the company in a report on Thursday. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Thursday. BMO Capital Markets reissued a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a report on Thursday, November 2nd. Finally, SunTrust Banks reissued a “hold” rating and set a $20.00 target price on shares of Flowers Foods in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Flowers Foods currently has an average rating of “Hold” and an average target price of $21.00.
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About Flowers Foods
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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