Flowers Foods (NYSE:FLO) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• Flowers Foods reported earnings of $0.30 per share, exceeding analysts' expectations by $0.01, while revenue came in at $1.24 billion, slightly below the forecast of $1.27 billion.
• The company increased its quarterly dividend to $0.2475 per share, reflecting a robust annualized yield of 6.2%.
• Despite the positive earnings report, shares of Flowers Foods traded down 3.7% following the announcement, closing at $15.97.

Flowers Foods (NYSE:FLO - Get Free Report) announced its quarterly earnings data on Friday. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01, Zacks reports. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.27 billion. Flowers Foods had a net margin of 4.30% and a return on equity of 17.85%. The company's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. Flowers Foods updated its FY 2025 guidance to 1.000-1.10 EPS.

Flowers Foods Trading Down 0.2%

NYSE:FLO traded down $0.0250 during mid-day trading on Tuesday, hitting $15.7450. 2,923,764 shares of the company's stock were exchanged, compared to its average volume of 2,627,470. Flowers Foods has a fifty-two week low of $15.27 and a fifty-two week high of $23.87. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $3.33 billion, a P/E ratio of 15.14 and a beta of 0.32. The company has a 50 day simple moving average of $16.01 and a 200-day simple moving average of $17.38.

Flowers Foods Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were issued a $0.2475 dividend. This is a boost from Flowers Foods's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, June 5th. This represents a $0.99 dividend on an annualized basis and a yield of 6.3%. Flowers Foods's dividend payout ratio (DPR) is 95.19%.

Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, Director William Jameson Mcfadden purchased 3,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average price of $16.92 per share, with a total value of $50,760.00. Following the completion of the purchase, the director owned 532,476 shares of the company's stock, valued at approximately $9,009,493.92. The trade was a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George E. Deese purchased 6,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $16.84 per share, for a total transaction of $101,040.00. Following the acquisition, the director owned 2,004,990 shares of the company's stock, valued at $33,764,031.60. This trade represents a 0.30% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 12,000 shares of company stock worth $202,440. 11.57% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Flowers Foods

A number of institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in shares of Flowers Foods by 64.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company's stock valued at $41,000 after buying an additional 1,001 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Flowers Foods by 140.7% in the second quarter. EverSource Wealth Advisors LLC now owns 5,061 shares of the company's stock valued at $81,000 after acquiring an additional 2,958 shares during the last quarter. Vident Advisory LLC acquired a new stake in Flowers Foods during the 2nd quarter valued at approximately $163,000. Cerity Partners LLC acquired a new stake in Flowers Foods during the 2nd quarter valued at approximately $196,000. Finally, M&T Bank Corp raised its holdings in Flowers Foods by 31.5% during the 2nd quarter. M&T Bank Corp now owns 14,876 shares of the company's stock worth $238,000 after purchasing an additional 3,565 shares during the last quarter. Institutional investors own 75.45% of the company's stock.

Wall Street Analyst Weigh In

FLO has been the subject of a number of research analyst reports. Jefferies Financial Group lowered their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a report on Friday, May 16th. DA Davidson reiterated a "neutral" rating and issued a $15.00 target price on shares of Flowers Foods in a research report on Monday. Truist Financial lowered their target price on Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research note on Monday. Finally, Wall Street Zen cut shares of Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $15.33.

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.