Flowers Foods (FLO) Projected to Post Earnings on Friday

Flowers Foods (NYSE:FLO) is anticipated to announce its earnings results before the market opens on Friday, February 7th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.13 billion for the quarter. Flowers Foods has set its FY24 guidance at $1.24-1.28 EPS and its FY 2024 guidance at 1.240-1.280 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. 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 Trading Up 0.5 %

Shares of Flowers Foods stock opened at $19.45 on Thursday. Flowers Foods has a 12-month low of $18.90 and a 12-month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $20.50 and its 200-day moving average is $21.91. The stock has a market cap of $4.10 billion, a P/E ratio of 17.06, a P/E/G ratio of 3.78 and a beta of 0.38.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 4.93%. Flowers Foods’s dividend payout ratio is presently 84.21%.

Analysts Set New Price Targets

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

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.