Spartan Stores (SPTN) Scheduled to Post Quarterly Earnings on Wednesday
Spartan Stores (NASDAQ:SPTN) is scheduled to be announcing its Q214 earnings results on Wednesday, August 13th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $1.83 billion for the quarter. Spartan Stores has set its FY14 guidance at $1.65-1.75 EPS.
Spartan Stores (NASDAQ:SPTN) last announced its earnings results on Wednesday, May 21st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 198.9% on a year-over-year basis. On average, analysts expect Spartan Stores to post $1.75 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
Spartan Stores (NASDAQ:SPTN) opened at 21.96 on Tuesday. Spartan Stores has a 52 week low of $19.44 and a 52 week high of $25.74. The stock has a 50-day moving average of $21.38 and a 200-day moving average of $22.07. The company has a market cap of $828.3 million and a price-to-earnings ratio of 131.67.
On the ratings front, analysts at Cantor Fitzgerald upgraded shares of Spartan Stores from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. They now have a $25.00 price target on the stock, up previously from $20.00.
Spartan Stores, Inc is a regional grocery distributor and grocery retailer, operating principally in Michigan and Indiana.
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