Smart (SFS) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Smart (NYSE:SFS) released its quarterly earnings results on Tuesday. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by $0.04, Morningstar.com reports. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Smart had a return on equity of 4.86% and a net margin of 0.23%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.20 earnings per share. Smart updated its FY17 guidance to $0.50-0.52 EPS.
Shares of Smart (NYSE SFS) traded up 10.4926% during midday trading on Wednesday, hitting $8.9499. The stock had a trading volume of 2,675,349 shares. The firm has a market cap of $655.23 million, a PE ratio of 66.7903 and a beta of 0.30. The firm has a 50-day moving average of $9.53 and a 200 day moving average of $12.24. Smart has a 12-month low of $7.45 and a 12-month high of $15.88.
Several equities analysts recently commented on the company. Deutsche Bank AG reissued a “buy” rating and set a $12.00 price target (down from $14.00) on shares of Smart in a research report on Wednesday. TheStreet lowered Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada restated an “outperform” rating and set a $19.00 price objective on shares of Smart in a report on Friday, July 21st. BidaskClub downgraded Smart from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research upgraded Smart from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.00.
In other news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction on Thursday, July 6th. The stock was 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 directly 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 can be accessed through this link. Also, EVP Scott R. Drew sold 21,000 shares of Smart stock in a transaction on Monday, June 12th. The shares were sold at an average price of $13.02, for a total value 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 $841,716.96. The disclosure for this sale can be found here. Insiders sold a total of 101,940 shares of company stock valued at $1,097,389 in the last quarter. Corporate insiders own 8.47% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC raised its position in Smart by 4.0% in the first quarter. Atria Investments LLC now owns 12,424 shares of the company’s stock valued at $150,000 after buying an additional 477 shares in the last quarter. Aperio Group LLC bought a new position in Smart during the second quarter valued at about $125,000. American International Group Inc. raised its position in Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock valued at $172,000 after buying an additional 940 shares in the last quarter. Suntrust Banks Inc. raised its position in Smart by 41.7% in the first quarter. Suntrust Banks Inc. now owns 24,942 shares of the company’s stock valued at $301,000 after buying an additional 7,344 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock valued at $361,000 after buying an additional 3,604 shares in the last quarter.
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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