New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2013
12:41 EDTFLOFlowers Foods sees 2013 net sales 'strong double digits'
Flowers Foods in investor presentation slides said it sees 2013 net sales "strong double-digits" and 2013 earnings "strong." The company said its Q1 net sales are tracking up 20%-25% while its earnings are tracking "strong." Flowers Foods listed its long-term growth objectives as 5%-10% net sales growth, 11%-13% EBITDA margin, and earnings in "double-digits."
News For FLO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 11, 2016
21:51 EDTFLOFlowers Foods downgraded to Market Perform from Outperform at BMO Capital
Subscribe for More Information
11:39 EDTFLOFlowers Foods plummets to 52-week low after results, guidance disappoints
Shares of bakery products maker Flowers Foods (FLO) are sinking after the company's fourth quarter results and fiscal year 2016 outlook fell short of analysts' consensus estimates. WHAT'S NEW: After the market close on Wednesday, Flowers Foods reported Q4 adjusted earnings per share of 16c and revenue of $858.4M, trailing analysts' consensus estimates of 21c and $907.77M, respectively. As compared to the prior year fourth quarter, consolidated adjusted EBITDA decreased by 6.7% to $86.7M. President and Chief Executive Officer Allen Shiver that the company was "not satisfied" with its Q4 performance, adding that while it made progress on its strategic initiatives, earnings were impacted by sales that were below plan. Additionally, Shiver said that in line with channel data for the total store, the pace of Flowers' retail sales in Q4 slowed relative to trends the company observed in the first three quarters of the year. GUIDANCE: Flowers Foods forecast FY16 adjusted EPS of 98c-$1.04, well below analysts' estimates of of $1.10, on revenue of $3.986B-$4.08B, compared to estimates of $4.06B. Flowers said it expects recently completed acquisitions to contribute 5.2%-5.7% to sales growth in 2016.ANALYST DOWNGRADES: This morning, research firm SunTrust downgraded Flowers Foods to Neutral from Buy and lowered its price target to $20 from $30. The firm noted that Q4 results and 2016 guidance were disappointing, while its litigation will be an overhang on the shares. Stephens analyst Farha Aslam also downgraded Flowers Foods, to Equal Weight from Overweight, noting that the company's earnings growth seems to have slowed considerably from its historical average. Aslam cut her price target on Flowers Foods to $22 from $28. PRICE ACTION: In late morning trading, Flowers Foods fell $4.26, or about 20%, to $16.70 on more than four times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $15.90. Including today's pull back, the shares have lost approximately 15% over the past 12 months.
11:29 EDTFLOOptions with increasing put volume
Options with increasing put volume; CPB JNPR OMF DWA CAH MAIN BA FLO DVN T COF
10:28 EDTFLOHigh option volume stocks:
High option volume stocks: MAIN FLO GOLD JNPR CAH MFLX BID AUY O AXLL
09:21 EDTFLOOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Expedia (EXPE), up 8.4%... Tripadvisor (TRIP), up 10.8%... Cisco (CSCO), up 6%... LendingClub (LC), up 8.8%... Tesla (TSLA), up 3.5%... Shire (SHPG), up 3.1%. ALSO HIGHER: 3D Systems (DDD), up 13.4% after reporting preliminary Q4 revenue. DOWN AFTER EARNINGS: Flowers Foods (FLO), down 17.7%... Incyte (INCY), down 14.3%... LivePerson (LPSN), down 16.7%... Twitter (TWTR), down 5.5%... Mylan (MYL), down 12.5%... PepsiCo (PEP), down marginally. ALSO LOWER: Visa (V), down 3% after being downgraded to Neutral from Buy at BofA/Merrill... Mastercard (MA), down 3% after being downgraded to Neutral from Buy at BofA/Merrill.
08:17 EDTFLOFlowers Foods downgraded on disappointing results at SunTrust
Subscribe for More Information
07:42 EDTFLOFlowers Foods downgraded to Equal Weight at Stephens
Subscribe for More Information
07:27 EDTFLOFlowers Foods downgraded to Equal Weight from Overweight at Stephens
06:50 EDTFLOFlowers Foods downgraded to Neutral from Buy at SunTrust
February 10, 2016
17:47 EDTFLOFlowers Foods sees FY16 adjusted EPS 98c-$1.04, consensus $1.10
Sees FY16 revenue $3.986B-$4.08B, consensus $4.06B.
17:46 EDTFLOFlowers Foods reports Q4 adjusted EPS 16c, consensus 21c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use