Flowers Foods (FLO) to Release Earnings on Friday

Flowers Foods (NYSE:FLO) is set to issue its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, August 16th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Flowers Foods had a net margin of 2.51% and a return on equity of 18.97%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was down .3% on a year-over-year basis. 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 Stock Up 0.8 %

NYSE:FLO opened at $22.41 on Wednesday. Flowers Foods has a 1-year low of $19.64 and a 1-year high of $26.12. The company has a 50-day moving average of $22.87 and a 200 day moving average of $23.04. The firm has a market cap of $4.72 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 4.32 and a beta of 0.36. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.19 and a quick ratio of 0.91.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Friday, September 6th. Flowers Foods’s dividend payout ratio (DPR) is presently 157.38%.

Analyst Ratings Changes

A number of analysts recently weighed in on FLO shares. BNP Paribas started coverage on shares of Flowers Foods in a research note on Wednesday, July 10th. They issued an “underperform” rating and a $20.00 price objective for the company. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and an average price target 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.