Zacks Research Boosts Earnings Estimates for Flowers Foods

Flowers Foods, Inc. (NYSE:FLO - Free Report) - Equities research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for Flowers Foods in a research note issued to investors on Thursday, December 19th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.28 per share for the year, up from their previous forecast of $1.26. The consensus estimate for Flowers Foods' current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Flowers Foods' Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.30 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.34 EPS and FY2026 earnings at $1.37 EPS.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The business's revenue was down .7% compared to the same quarter last year.

Separately, StockNews.com lowered Flowers Foods from a "strong-buy" rating to a "buy" rating in a report on Friday.

Flowers Foods Stock Down 0.2 %

NYSE:FLO traded down $0.05 on Monday, hitting $20.40. The stock had a trading volume of 1,681,690 shares, compared to its average volume of 1,223,944. Flowers Foods has a 1 year low of $20.21 and a 1 year high of $26.12. The firm's fifty day simple moving average is $22.04 and its two-hundred day simple moving average is $22.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The stock has a market cap of $4.30 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 4.04 and a beta of 0.37.

Institutional Trading of Flowers Foods

Several hedge funds have recently added to or reduced their stakes in FLO. Hexagon Capital Partners LLC purchased a new stake in shares of Flowers Foods during the 3rd quarter worth approximately $29,000. Blue Trust Inc. grew its holdings in Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock valued at $45,000 after purchasing an additional 2,008 shares during the period. Capital Performance Advisors LLP purchased a new stake in Flowers Foods in the third quarter worth $52,000. Headlands Technologies LLC bought a new stake in shares of Flowers Foods in the second quarter valued at $59,000. Finally, Quest Partners LLC lifted its position in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company's stock valued at $76,000 after buying an additional 3,294 shares during the last quarter. Institutional investors own 75.45% of the company's stock.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.71%. Flowers Foods's dividend payout ratio (DPR) is presently 84.21%.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.