Roundy's Inc (RNDY) Issues FY14 Earnings Guidance
Roundy's Inc (NASDAQ:RNDY) issued an update on its FY14 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.27-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.66, Stock Ratings Network reports. The company issued revenue guidance of $4.46-4.50 billion, compared to the consensus revenue estimate of $4.29 billion.Roundy's also updated its Q1 guidance to $0.01-0.05 EPS.
Shares of Roundy's Inc (NASDAQ:RNDY) traded down 0.15% during mid-day trading on Wednesday, hitting $6.75. 898,078 shares of the company’s stock traded hands. Roundy's Inc has a one year low of $5.53 and a one year high of $10.96. The stock has a 50-day moving average of $8.14 and a 200-day moving average of $8.76. The company’s market cap is $303.6 million.
Roundy's (NASDAQ:RNDY) last announced its earnings results on Wednesday, February 26th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.03. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1,000.00 million. During the same quarter last year, the company posted $0.19 earnings per share. Roundy's’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Roundy's Inc will post $0.73 EPS for the current fiscal year.
A number of analysts have recently weighed in on RNDY shares. Analysts at Jefferies Group cut their price target on shares of Roundy's from $10.50 to $8.00 in a research note on Thursday, February 20th. On a related note, analysts at Credit Suisse initiated coverage on shares of Roundy's in a research note on Wednesday, February 19th. They set a neutral rating and a $8.00 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of Roundy's in a research note on Tuesday, February 18th. They set a market perform rating and a $7.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating, The company has an average rating of Hold and an average price target of $7.76.
In other Roundy's news, Director John Willis sold 7,222,876 shares of the stock on the open market in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $6.69, for a total transaction of $48,321,040.44. Following the completion of the sale, the director now directly owns 20,241 shares of the company’s stock, valued at approximately $135,412. The sale was disclosed in a filing with the SEC, which is available at this link.
Roundy’s, Inc, formerly Roundy’s Parent Company, Inc, is a retail grocery company headquartered in Milwaukee, Wisconsin.