Flowers Foods (NYSE:FLO – Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $1.20-$1.30 for the period, compared to the consensus EPS estimate of $1.22. The company issued revenue guidance of $5.091-$5.172 billion, compared to the consensus revenue estimate of $5.16 billion. Flowers Foods also updated its FY 2024 guidance to 1.200-1.300 EPS.
Flowers Foods Stock Performance
FLO stock opened at $22.71 on Monday. The business’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $23.08. The company has a current ratio of 1.11, a quick ratio of 0.82 and a debt-to-equity ratio of 0.76. The firm has a market cap of $4.80 billion, a PE ratio of 38.49, a P/E/G ratio of 5.84 and a beta of 0.36. Flowers Foods has a 1-year low of $19.64 and a 1-year high of $26.12.
Flowers Foods (NYSE:FLO – Get Free Report) last posted its earnings results on Friday, August 16th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.24 billion. Flowers Foods had a return on equity of 18.35% and a net margin of 2.45%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, research analysts forecast that Flowers Foods will post 1.23 earnings per share for the current year.
Flowers Foods Increases Dividend
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. DA Davidson boosted their price target on Flowers Foods from $24.00 to $25.00 and gave the company a neutral rating in a report on Friday, May 17th. StockNews.com upgraded Flowers Foods from a hold rating to a buy rating in a report on Saturday, May 25th. BNP Paribas assumed coverage on Flowers Foods in a report on Wednesday, July 10th. They set an underperform rating and a $20.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Flowers Foods from $22.00 to $23.00 and gave the stock a hold rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $22.75.
View Our Latest Stock Report on FLO
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.
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