SuperValu Inc. (SVU) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS
SuperValu Inc. (NYSE:SVU) posted its quarterly earnings results on Wednesday. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.35 by $0.11, Bloomberg Earnings reports. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter in the previous year, the firm earned $0.70 EPS. The company’s quarterly revenue was up 35.5% compared to the same quarter last year.
Shares of SuperValu (NYSE SVU) traded down 11.82% during mid-day trading on Wednesday, hitting $17.09. The company had a trading volume of 5,460,322 shares. The firm has a 50-day moving average of $20.58 and a 200-day moving average of $24.01. The company has a market cap of $651.85 million, a PE ratio of 1.06 and a beta of 2.13. SuperValu has a 12 month low of $17.08 and a 12 month high of $38.43.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank raised its holdings in shares of SuperValu by 0.7% in the 2nd quarter. Amalgamated Bank now owns 36,224 shares of the company’s stock worth $119,000 after purchasing an additional 246 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of SuperValu by 5.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 31,755 shares of the company’s stock worth $123,000 after purchasing an additional 1,687 shares during the period. Sigma Planning Corp raised its holdings in shares of SuperValu by 2.5% in the 2nd quarter. Sigma Planning Corp now owns 41,059 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the period. Hartford Investment Management Co. purchased a new position in shares of SuperValu in the 2nd quarter worth about $149,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of SuperValu by 10.4% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 40,271 shares of the company’s stock worth $155,000 after purchasing an additional 3,790 shares during the period.
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Several research firms have recently commented on SVU. Pivotal Research reiterated a “buy” rating and set a $38.50 price target on shares of SuperValu in a report on Wednesday, July 26th. Deutsche Bank AG reissued a “hold” rating and set a $28.00 price objective (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Zacks Investment Research raised SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, July 31st. ValuEngine raised SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada set a $42.00 price objective on SuperValu and gave the stock a “buy” rating in a research report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.67.
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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