Flowers Foods, Inc. (NYSE:FLO) Expected to Post Q4 2022 Earnings of $0.24 Per Share

Flowers Foods, Inc. (NYSE:FLOGet Rating) – Stock analysts at Jefferies Financial Group lowered their Q4 2022 earnings per share (EPS) estimates for Flowers Foods in a report released on Thursday, September 15th. Jefferies Financial Group analyst R. Dickerson now expects that the company will earn $0.24 per share for the quarter, down from their previous estimate of $0.25. The consensus estimate for Flowers Foods’ current full-year earnings is $1.28 per share. Jefferies Financial Group also issued estimates for Flowers Foods’ FY2024 earnings at $1.43 EPS.

Flowers Foods (NYSE:FLOGet Rating) last announced its quarterly earnings results on Thursday, August 11th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. Flowers Foods had a return on equity of 18.62% and a net margin of 4.75%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.

Several other equities research analysts also recently issued reports on FLO. StockNews.com upgraded Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 20th. Deutsche Bank Aktiengesellschaft lowered their price target on Flowers Foods from $27.00 to $26.00 in a report on Monday, May 23rd.

Flowers Foods Stock Up 0.9 %

Shares of Flowers Foods stock opened at $26.27 on Monday. Flowers Foods has a 1 year low of $22.78 and a 1 year high of $29.73. The business has a 50-day moving average of $27.34 and a two-hundred day moving average of $26.55. The company has a market capitalization of $5.56 billion, a P/E ratio of 26.01 and a beta of 0.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.45 and a quick ratio of 1.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Inspire Investing LLC acquired a new position in Flowers Foods during the first quarter valued at approximately $236,000. State Board of Administration of Florida Retirement System lifted its position in shares of Flowers Foods by 7.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 265,419 shares of the company’s stock valued at $6,824,000 after buying an additional 18,498 shares during the last quarter. S&T Bank PA lifted its position in shares of Flowers Foods by 0.4% in the first quarter. S&T Bank PA now owns 104,026 shares of the company’s stock valued at $2,674,000 after buying an additional 451 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Flowers Foods by 7.8% in the first quarter. AE Wealth Management LLC now owns 22,744 shares of the company’s stock valued at $585,000 after buying an additional 1,646 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its position in shares of Flowers Foods by 69.0% in the first quarter. Fox Run Management L.L.C. now owns 23,107 shares of the company’s stock valued at $594,000 after buying an additional 9,434 shares during the last quarter. 77.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Thomas Caldecot Chubb III acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $82,500.00. Following the completion of the acquisition, the director now owns 23,051 shares in the company, valued at $633,902.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Thomas Caldecot Chubb III purchased 3,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, August 23rd. The stock was purchased at an average cost of $27.50 per share, with a total value of $82,500.00. Following the completion of the transaction, the director now owns 23,051 shares of the company’s stock, valued at approximately $633,902.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryals Mcmullian sold 143,020 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $27.97, for a total value of $4,000,269.40. Following the transaction, the chief executive officer now directly owns 1,781,580 shares of the company’s stock, valued at $49,830,792.60. The disclosure for this sale can be found here. 11.79% of the stock is owned by corporate insiders.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.35%. Flowers Foods’s payout ratio is presently 87.13%.

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.

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Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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