FY2024 EPS Estimates for Flowers Foods Increased by Analyst

Flowers Foods, Inc. (NYSE:FLO) – Zacks Research upped their FY2024 EPS estimates for shares of Flowers Foods in a research note issued on Thursday, December 19th. Zacks Research analyst R. Department now expects that the company will earn $1.28 per share for the year, up from their prior 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.

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

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

Flowers Foods Stock Performance

Shares of NYSE FLO opened at $20.45 on Monday. Flowers Foods has a 52-week low of $20.36 and a 52-week high of $26.12. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 4.04 and a beta of 0.37. 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 stock’s fifty day simple moving average is $22.08 and its 200 day simple moving average is $22.46.

Flowers Foods Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Friday, November 29th. Flowers Foods’s dividend payout ratio (DPR) is currently 84.21%.

Institutional Trading of Flowers Foods

A number of hedge funds have recently modified their holdings of FLO. Geode Capital Management LLC raised its position in Flowers Foods by 6.6% during the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after buying an additional 259,216 shares during the period. AMG National Trust Bank acquired a new position in shares of Flowers Foods in the 2nd quarter valued at about $711,000. Thomasville National Bank lifted its position in shares of Flowers Foods by 30.2% in the third quarter. Thomasville National Bank now owns 429,014 shares of the company’s stock worth $9,897,000 after purchasing an additional 99,599 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Flowers Foods by 94.7% during the third quarter. BNP Paribas Financial Markets now owns 180,227 shares of the company’s stock worth $4,158,000 after purchasing an additional 87,654 shares during the period. Finally, Martingale Asset Management L P acquired a new stake in shares of Flowers Foods during the third quarter worth approximately $1,571,000. 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.