SuperValu Inc. (SVU) Announces Earnings Results
SuperValu Inc. (NYSE:SVU) announced its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01, Bloomberg Earnings reports. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.91 billion. SuperValu had a negative return on equity of 88.07% and a net margin of 4.34%. SuperValu’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS.
Shares of SuperValu (SVU) opened at 3.25 on Tuesday. SuperValu has a 12-month low of $2.90 and a 12-month high of $5.74. The stock has a market cap of $867.75 million, a PE ratio of 1.32 and a beta of 2.03. The stock’s 50 day moving average is $3.39 and its 200-day moving average is $3.77.
SVU has been the topic of a number of recent research reports. Royal Bank Of Canada set a $6.00 price objective on shares of SuperValu and gave the stock a “buy” rating in a report on Sunday, July 16th. Guggenheim restated a “neutral” rating on shares of SuperValu in a report on Monday, May 1st. Zacks Investment Research upgraded shares of SuperValu from a “sell” rating to a “hold” rating in a report on Monday, May 15th. Telsey Advisory Group cut their price objective on shares of SuperValu from $5.50 to $4.50 and set a “market perform” rating on the stock in a report on Tuesday, June 27th. Finally, ValuEngine cut shares of SuperValu from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $4.92.
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Several hedge funds and other institutional investors have recently bought and sold shares of SVU. State of Alaska Department of Revenue raised its position in SuperValu by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 29,540 shares of the company’s stock valued at $114,000 after buying an additional 770 shares during the period. Public Employees Retirement System of Ohio raised its position in SuperValu by 5.6% in the first quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock valued at $123,000 after buying an additional 1,687 shares during the period. Nine Chapters Capital Management LLC purchased a new position in SuperValu during the first quarter valued at approximately $135,000. Sigma Planning Corp raised its position in SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock valued at $155,000 after buying an additional 1,050 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its position in SuperValu by 10.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock valued at $155,000 after buying an additional 3,790 shares during the period. Hedge funds and other institutional investors own 80.40% of the company’s stock.
SuperValu Company Profile
Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.
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