Smart (NYSE:SFS) Issues FY17 Earnings Guidance
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.
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.
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