The Fresh Market Inc (TFM) Issues FY15 Earnings Guidance
The Fresh Market Inc (NYSE:TFM) issued an update on its FY15 earnings guidance on Thursday morning. The company provided EPS guidance of $1.56-1.66 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.56, Analyst Ratings News reports.
The Fresh Market Inc (NYSE:TFM) traded down 1.68% on Thursday, hitting $30.43. 1,020,247 shares of the company’s stock traded hands. The Fresh Market Inc has a one year low of $28.60 and a one year high of $56.04. The stock has a 50-day moving average of $30.89 and a 200-day moving average of $33.11. The company has a market cap of $1.473 billion and a price-to-earnings ratio of 33.28.
The Fresh Market (NYSE:TFM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.24 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.11. The company had revenue of $422.20 million for the quarter, compared to the consensus estimate of $411.85 million. During the same quarter last year, the company posted $0.32 earnings per share. The Fresh Market’s revenue was up 19.0% compared to the same quarter last year. Analysts expect that The Fresh Market Inc will post $1.56 EPS for the current fiscal year.
A number of analysts have recently weighed in on TFM shares. Analysts at Credit Suisse initiated coverage on shares of The Fresh Market in a research note on Thursday, July 17th. They set an underperform rating and a $29.00 price target on the stock. On a related note, analysts at Northcoast Research upgraded shares of The Fresh Market from a neutral rating to a buy rating in a research note on Tuesday, July 15th. Finally, analysts at Goldman Sachs downgraded shares of The Fresh Market from a neutral rating to a sell rating in a research note on Tuesday, July 8th. They now have a $27.00 price target on the stock, down previously from $36.00. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $39.85.
The Fresh Market, Inc, (NYSE:TFM) is a specialty retailer.
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