FY2024 Earnings Estimate for Flowers Foods, Inc. (NYSE:FLO) Issued By Zacks Research

Flowers Foods, Inc. (NYSE:FLO - Free Report) - Research analysts at Zacks Research cut their FY2024 earnings estimates for Flowers Foods in a note issued to investors on Thursday, April 18th. Zacks Research analyst V. Bagree now expects that the company will post earnings per share of $1.23 for the year, down from their previous estimate of $1.24. The consensus estimate for Flowers Foods' current full-year earnings is $1.25 per share. Zacks Research also issued estimates for Flowers Foods' Q4 2024 earnings at $0.22 EPS, Q2 2025 earnings at $0.36 EPS and FY2026 earnings at $1.37 EPS.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, February 9th. The company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.13 billion. Flowers Foods had a net margin of 2.42% and a return on equity of 18.15%. Flowers Foods's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company posted $0.23 earnings per share.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Flowers Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 9th. DA Davidson began coverage on shares of Flowers Foods in a report on Friday, March 1st. They issued a "neutral" rating and a $24.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $24.00.

Flowers Foods Price Performance

FLO traded up $0.54 during trading on Friday, hitting $24.58. 1,594,019 shares of the company traded hands, compared to its average volume of 1,184,899. Flowers Foods has a 1 year low of $19.64 and a 1 year high of $29.10. The company has a market cap of $5.19 billion, a PE ratio of 42.38, a P/E/G ratio of 4.40 and a beta of 0.39. The stock's 50-day simple moving average is $22.91 and its two-hundred day simple moving average is $22.30. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Flowers Foods

Large investors have recently modified their holdings of the business. Fortis Capital Advisors LLC bought a new stake in shares of Flowers Foods in the 4th quarter valued at about $30,000. Rise Advisors LLC bought a new stake in shares of Flowers Foods in the 1st quarter valued at about $26,000. Financial Connections Group Inc. bought a new stake in shares of Flowers Foods in the 4th quarter valued at about $30,000. HM Payson & Co. bought a new stake in shares of Flowers Foods in the 3rd quarter valued at about $30,000. Finally, NBC Securities Inc. bought a new stake in shares of Flowers Foods in the 3rd quarter valued at about $32,000. Institutional investors own 75.45% of the company's stock.

Insider Activity at Flowers Foods

In related news, Director Edward J. Jr. Casey acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average price of $23.55 per share, for a total transaction of $117,750.00. Following the acquisition, the director now directly owns 20,330 shares of the company's stock, valued at approximately $478,771.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Terry S. Thomas sold 36,577 shares of Flowers Foods stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $23.11, for a total transaction of $845,294.47. Following the completion of the sale, the insider now owns 42,740 shares in the company, valued at approximately $987,721.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward J. Jr. Casey acquired 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were bought at an average price of $23.55 per share, with a total value of $117,750.00. Following the acquisition, the director now directly owns 20,330 shares in the company, valued at $478,771.50. The disclosure for this purchase can be found here. 11.49% of the stock is currently owned by company insiders.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.92 dividend on an annualized basis and a yield of 3.74%. Flowers Foods's payout ratio is 158.62%.

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.