Flowers Foods, Inc. (NYSE:FLO) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, FLO is expected to report 3Q20 income of $ 0.26 per share from revenue of $ 982.53 million.
For the full year, analysts anticipate top line of $ 4336.65 million, while looking forward to income of $ 1.22 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,206.00 million ~ $ 4,289.00 million, where as bottomline are predicted in a range of $ 1.00 ~ $ 1.08 per share
Click Here For More Historical Outlooks Of Flowers Foods, Inc.
Previous Quarter Performance
Flowers Foods, Inc. posted income for the second quarter of $ 0.33 per share, from the revenue of $ 1,026.00 million. The quarterly earnings developed 32.00 percent while revenues raised 5.15 percent compared with the same quarter last year.
Wall street analysts are predicting, FLO to report 2Q20 income of $ 0.28 per share from revenue of $ 1018.42 million. The bottom line results beat street analysts by $ 0.05 or 17.86 percent, at the same time, top line results outshined analysts by $ 7.58 million or 0.74 percent.
Stock Performance
Shares of Flowers Foods, Inc. traded up $ 0.20 or 0.83 percent on Wednesday, reaching $ 24.17 with volume of 703.90 thousand shares. Flowers Foods, Inc. has traded high as $ 24.53 and has cracked $ 23.91 on the downward trend
The closing price of $ 24.17, representing a 37.60 % increase from the 52 week low of $ 17.42 and a 4.81 % decrease over the 52 week high of $ 25.18.
The company has a market capital of $ 5.11 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
On August 14, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on August 28, 2020, with payment date of September 11, 2020 and ex-dividend date on August 27, 2020.
Flowers Foods, Inc. produces and markets bakery products in the United States. The company operates through two segments, Direct-Store-Delivery and Warehouse Delivery.
