Smart (NYSE:SFS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.50-0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.49.

Smart (SFS) traded up 1.89% during mid-day trading on Tuesday, hitting $8.10. The company’s stock had a trading volume of 822,637 shares. Smart has a 52-week low of $7.45 and a 52-week high of $15.88. The company’s 50 day moving average is $9.53 and its 200-day moving average is $12.24. The stock has a market cap of $593.01 million, a P/E ratio of 60.45 and a beta of 0.31.

Several research firms recently issued reports on SFS. BidaskClub cut shares of Smart from a sell rating to a strong sell rating in a report on Thursday, July 13th. Morgan Stanley reaffirmed an underweight rating and issued a $8.00 target price (down from $11.00) on shares of Smart in a report on Monday, June 19th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $19.00 target price on shares of Smart in a report on Thursday, May 4th. Loop Capital started coverage on shares of Smart in a report on Monday, May 15th. They issued a buy rating and a $17.00 target price for the company. Finally, Zacks Investment Research cut shares of Smart from a hold rating to a sell rating in a report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Smart has a consensus rating of Hold and a consensus target price of $20.50.

In other news, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $8.26, for a total value of $222,854.80. Following the completion of the sale, the senior vice president now owns 48,191 shares of the company’s stock, valued at approximately $398,057.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott R. Drew sold 21,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $13.02, for a total transaction of $273,420.00. Following the completion of the sale, the executive vice president now directly owns 64,648 shares of the company’s stock, valued at approximately $841,716.96. The disclosure for this sale can be found here. In the last three months, insiders sold 101,940 shares of company stock worth $1,097,389. Insiders own 8.47% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Smart (NYSE:SFS) Issues FY17 Earnings Guidance” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/07/25/smart-nysesfs-issues-fy17-earnings-guidance.html.

Smart Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

Receive News & Ratings for Smart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smart and related companies with MarketBeat.com's FREE daily email newsletter.