Analyzing Flowers Foods’ Valuation and Dividend Yield
As of February 9, 2018, Flowers Foods (FLO) was trading at a 12-month forward PE (price to earnings) multiple of 19.5x.
Flowers Foods (FLO) reported a fiscal 4Q17 gross margin of 47.7%, which fell 40 basis points from fiscal 4Q16.
At the 4Q17 earnings conference call, CEO Allen Shiver said that the company is focusing on enhancing its share in underpenetrated markets, improving the weak-performing snack business, innovation, and acquisitions.
Driven by strong demand for Dave’s Killer Bread, Flowers Foods (FLO) reported fiscal 4Q17 sales of $873.6, which easily beat the analysts’ estimate of $861 million.
Flowers Foods (FLO) reported fiscal 4Q17 results on February 7, 2018.
Flowers Foods’ (FLO) adjusted EPS (earnings per share) of $0.17 and sales of $873.6 million in fiscal 4Q17 easily topped the analysts’ estimate of $0.15 and $861 million, respectively.
Of the 19 analysts covering HAIN stock, 63% recommended a “hold,” 32% recommended a “buy,” and 5% recommended a “sell.”
HAIN’s adjusted gross margin rose 140 basis points to 20.2%. Its adjusted operating margin rose 110 basis points to 8.0%.
HAIN’s US segment’s sales were down 3% year-over-year to $270.3 million in fiscal 2Q18.
In fiscal 2Q18, except for the US segment, Hain Celestial’s (HAIN) segments reported sales growth.
Hain Celestial (HAIN) reported net sales of $775.2 million in fiscal 2Q18, which marginally beat the analysts’ estimate of $775.1 million.
Hain Celestial (HAIN) reported its fiscal 2Q18 results on February 7, 2018. Its fiscal 2Q18 adjusted earnings per share of $0.41 fell short of the analysts’ estimate of $0.42.
In fiscal 2Q18, Hain’s Pure Protein sales rose 4.0% to $159 million, and its adjusted operating income rose 256.0% to $12.6 million.
Hain Celestial (HAIN) released its fiscal 2Q18 results on February 7. Its adjusted earnings per share of $0.41 missed the estimate of $0.42.
Ahead of the upcoming fiscal 2Q18 results, most analysts covering Hain Celestial (HAIN) have maintained a “hold” rating.
Hain Celestial’s (HAIN) management remains confident it can expand margins in fiscal 2018 driven by Project Terra despite higher commodity and freight costs.
Hain Celestial (HAIN) will announce its fiscal 2Q18 results on February 7, 2018.
For fiscal 2Q18, which ended on December 31, 2017, analysts expect Hain Celestial (HAIN) to report 5.1% growth in net sales to $777.5 million.
Organic and natural food manufacturer and marketer Hain Celestial (HAIN) is set to report its fiscal 2Q18 results on February 7, 2018.
So far this year, food stocks have largely disappointed investors, and the outlook for the rest of the year appears no better. Stock prices for food manufacturers have been on a downtrend, underperforming the S&P 500 Index (SPX-INDEX) on a YTD (year-to-date) basis, as the graph below shows. As of July 3, Campbell Soup (CPB), General Mills (GIS), Conagra Brands (CAG), J. M. Smucker (SJM), Kellogg (K), and Kraft Heinz (KHC) have fallen 13.7%, 10.7%, 10.2%, 7.7%, 6.7%, and 3.3%, respectively, YTD. The S&P 500 Index has returned 8.5% during the same period.