Flowers Foods (FLO) Set to Announce Earnings on Friday

Flowers Foods (NYSE:FLO) will release its earnings data before the market opens on Friday, November 8th. Analysts expect Flowers Foods to post 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. 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

NYSE:FLO opened at $22.23 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.19 and a debt-to-equity ratio of 0.77. The business’s 50-day simple moving average is $22.93 and its two-hundred day simple moving average is $23.08. The stock has a market cap of $4.68 billion, a PE ratio of 36.44, a P/E/G 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.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, September 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.32%. Flowers Foods’s payout ratio is 157.38%.

Analyst Ratings Changes

FLO has been the subject of a number of research analyst reports. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 18th. BNP Paribas initiated coverage on Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and a consensus target price 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.