Flowers Foods (FLO) Set to Announce Quarterly Earnings on Friday

Flowers Foods (NYSE:FLO - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Flowers Foods has set its FY24 guidance at $1.20-$1.30 EPS and its FY 2024 guidance at 1.200-1.300 EPS.Parties that wish to register for the company's conference call can do so using this link.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the company posted $0.33 EPS. The company's revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts expect Flowers Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Flowers Foods Price Performance

Flowers Foods stock traded down $0.02 during midday trading on Friday, reaching $22.21. The company's stock had a trading volume of 1,494,131 shares, compared to its average volume of 1,159,330. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.68 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 4.29 and a beta of 0.36. Flowers Foods has a 52 week low of $19.64 and a 52 week high of $26.12. The business has a 50-day moving average price of $22.91 and a 200-day moving average price of $23.07.

Flowers Foods Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Friday, September 6th. Flowers Foods's dividend payout ratio (DPR) is presently 157.38%.

Analysts Set New Price Targets

FLO has been the topic of a number of research reports. StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, September 18th. BNP Paribas assumed coverage on Flowers Foods in a report on Wednesday, July 10th. They issued an "underperform" rating and a $20.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.75.

About Flowers Foods

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.