Earnings, adjusted for non-recurring gains, were 25 cents per share.
Diluted EPS increased 3.6% to $0.29. JP Morgan downgraded the shares of KMT in report on Friday, December 9 to “Underweight” rating. (NYSE:FLO) were released by: Prnewswire.com and their article: “Flowers Foods Announces Enhanced Organizational Structure” published on May 03, 2017 as well as Seekingalpha.com’s news article titled: “Flowers Foods’ (FLO) CEO Allen Shiver On Q1 2017 Results – Earnings Call …” with publication date: May 18, 2017. Four analysts surveyed by Zacks expected $1.21 billion. Royal Commercial Bank Of Canada has 0.01% invested in Flowers Foods, Inc. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/18/macquarie-group-ltd-maintains-position-in-flowers-foods-inc-flo-updated-updated.html. For the outlook of the current financial quarter, Analysts think the firm will post 0.26 earnings per share.
Flowers Foods expects full-year earnings in the range of 85 cents to 95 cents per share, with revenue in the range of $3.93 billion to $4.01 billion. The firm earned $868.70 million during the quarter, compared to analyst estimates of $874.19 million. Flowers Foods’s revenue was down 1.4% on a year-over-year basis.
Headquartered in Thomasville, Georgia, the company disclosed, Sales that reached $ 1.19 billion, slipped from $ 1.20 billion a year ago.
A number of equities research analysts have issued reports on FLO shares.
12/12/2016 – Flowers Foods, Inc. had its “buy” rating reiterated by analysts at Jefferies. It worsened, as 42 investors sold Flowers Foods, Inc. shares while 93 reduced holdings. The stock of Flowers Foods, Inc. They now have a Dollars 16 price target on the stock. The stock has “Buy” rating by Gabelli on Wednesday, February 15. Flowers Foods now has a consensus rating of “Hold” and an average target price of $19.71. The company was upgraded on Tuesday, February 16 by BB&T Capital.
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Among 12 analysts covering Flowers Foods (NYSE:FLO), 6 have Buy rating, 0 Sell and 6 Hold.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blackrock invested in 103,912 shares or 0% of the stock. Utah Retirement holds 0.02% of its portfolio in Flowers Foods, Inc. (NYSE:FLO) shares. WHEELER DAVID KEITH sold $158,440 worth of Flowers Foods, Inc. Horizon Kinetics LLC now owns 53,451 shares of the company’s stock valued at $1,067,000 after buying an additional 825 shares during the period. KINSEY R STEVE also sold $1.73M worth of Flowers Foods, Inc. Institutional investors own 67.50% of the company’s stock. Flowers Foods, Inc. (NYSE:FLO) has risen 6.00% since April 19, 2017 and is uptrending. Ahl Partners Llp sold 34,202 shares as Kennametal Inc (KMT)’s stock 0.00%. The stock’s 50 day moving average price is $19.42 and its 200 day moving average price is $18.78. Flowers Foods has a 1-year low of $14.35 and a 1-year high of $21.00. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, December 15. SunTrust maintained Flowers Foods, Inc. The Firm operates in two divisions: direct-store-delivery segment and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice clients in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.