SuperValu Inc. (NYSE:SVU) – Research analysts at Northcoast Research reduced their Q2 2018 EPS estimates for shares of SuperValu in a report issued on Wednesday. Northcoast Research analyst C. Cerankosky now forecasts that the company will earn $0.30 per share for the quarter, down from their prior estimate of $0.56. Northcoast Research also issued estimates for SuperValu’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.78 EPS.

Several other brokerages have also issued reports on SVU. Royal Bank Of Canada set a $42.00 price target on SuperValu and gave the company a “buy” rating in a research note on Sunday, July 16th. Guggenheim reaffirmed a “neutral” rating on shares of SuperValu in a research note on Monday, May 1st. Zacks Investment Research raised SuperValu from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. ValuEngine raised SuperValu from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Telsey Advisory Group cut their price target on SuperValu from $38.50 to $31.50 and set a “market perform” rating on the stock in a research note on Tuesday, June 27th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $32.08.

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SuperValu (NYSE:SVU) last released its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. SuperValu’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 earnings per share.

Institutional investors have recently added to or reduced their stakes in the stock. 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 last quarter. Sigma Planning Corp raised its position in SuperValu by 2.5% in the second quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Texas Permanent School Fund raised its position in SuperValu by 0.8% in the second quarter. Texas Permanent School Fund now owns 195,432 shares of the company’s stock valued at $643,000 after buying an additional 1,645 shares during the last quarter. 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 last quarter. Finally, US Bancorp DE raised its position in SuperValu by 2.5% in the second quarter. US Bancorp DE now owns 74,027 shares of the company’s stock valued at $244,000 after buying an additional 1,836 shares during the last quarter. 80.47% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for SuperValu (NYSE:SVU)

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