Smart (NYSE:SFS) – Research analysts at Oppenheimer Holdings increased their Q3 2017 earnings per share (EPS) estimates for Smart in a note issued to investors on Tuesday. Oppenheimer Holdings analyst R. Parikh now anticipates that the company will post earnings of $0.17 per share for the quarter, up from their previous forecast of $0.16. Oppenheimer Holdings also issued estimates for Smart’s Q4 2017 earnings at $0.10 EPS.

Smart (NYSE:SFS) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.04. Smart had a return on equity of 4.15% and a net margin of 0.21%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: “Analysts Offer Predictions for Smart’s Q3 2017 Earnings (NYSE:SFS)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/28/analysts-offer-predictions-for-smarts-q3-2017-earnings-nysesfs.html.

A number of other equities research analysts also recently weighed in on SFS. TheStreet downgraded shares of Smart from a “c-” rating to a “d+” rating in a research report on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $14.00) on shares of Smart in a research report on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 target price on shares of Smart in a research note on Friday, July 21st. BidaskClub lowered shares of Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised shares of Smart from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Two research 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’s stock. Smart has a consensus rating of “Hold” and a consensus target price of $20.00.

Smart (NYSE SFS) traded up 1.437% during mid-day trading on Friday, hitting $8.825. The stock had a trading volume of 70,866 shares. The company has a 50 day moving average price of $9.12 and a 200-day moving average price of $12.15. The company has a market cap of $646.09 million, a price-to-earnings ratio of 65.858 and a beta of 0.30. Smart has a one year low of $7.45 and a one year high of $15.45.

Several large investors have recently added to or reduced their stakes in SFS. Aperio Group LLC purchased a new stake in Smart during the second quarter worth about $125,000. Credit Suisse AG raised its stake in Smart by 0.4% in the first quarter. Credit Suisse AG now owns 46,587 shares of the company’s stock worth $563,000 after buying an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Smart by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 99,367 shares of the company’s stock worth $1,203,000 after buying an additional 5,796 shares in the last quarter. Citadel Advisors LLC raised its stake in Smart by 13.7% in the first quarter. Citadel Advisors LLC now owns 29,863 shares of the company’s stock worth $361,000 after buying an additional 3,604 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Smart by 68.2% in the first quarter. Dimensional Fund Advisors LP now owns 744,546 shares of the company’s stock worth $9,009,000 after buying an additional 301,959 shares in the last quarter.

In other news, EVP Scott R. Drew sold 21,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the sale, the executive vice president now owns 64,648 shares in the company, valued at $841,716.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $8.26, for a total transaction of $222,854.80. Following the sale, the senior vice president now owns 48,191 shares in the company, valued at approximately $398,057.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 101,940 shares of company stock valued at $1,097,389. Company 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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