Flowers Foods FY2024 EPS Estimate Boosted by Zacks Research

Flowers Foods, Inc. (NYSE:FLO) – Analysts at Zacks Research increased their FY2024 earnings per share estimates for Flowers Foods in a research report issued to clients and investors on Thursday, December 19th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.28 for the year, up from their previous estimate of $1.26. The consensus estimate for Flowers Foods’ current full-year earnings is $1.27 per share. Zacks Research also issued estimates for Flowers Foods’ Q4 2024 earnings at $0.21 EPS, Q1 2025 earnings at $0.40 EPS, Q2 2025 earnings at $0.35 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.30 EPS, Q1 2026 earnings at $0.43 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.34 EPS and FY2026 earnings at $1.37 EPS.

Separately, StockNews.com lowered shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

Flowers Foods Trading Up 0.6 %

Shares of FLO stock opened at $20.52 on Monday. The business’s fifty day moving average price is $22.04 and its 200 day moving average price is $22.44. The firm has a market capitalization of $4.32 billion, a PE ratio of 18.00, a P/E/G ratio of 4.04 and a beta of 0.37. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 0.95. Flowers Foods has a 1-year low of $20.21 and a 1-year high of $26.12.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the firm posted $0.29 EPS. Flowers Foods’s revenue for the quarter was down .7% on a year-over-year basis.

Flowers Foods Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a yield of 4.68%. Flowers Foods’s dividend payout ratio (DPR) is currently 84.21%.

Institutional Trading of Flowers Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC purchased a new stake in Flowers Foods during the third quarter valued at about $29,000. Blue Trust Inc. lifted its position in Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after buying an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Flowers Foods in the third quarter worth $52,000. Headlands Technologies LLC purchased a new position in shares of Flowers Foods in the 2nd quarter valued at $59,000. Finally, Quest Partners LLC lifted its holdings in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock valued at $76,000 after acquiring an additional 3,294 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

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.