Smart (SFS) Expected to Announce Quarterly Sales of $1.48 Billion
Wall Street analysts expect Smart (NYSE:SFS) to post $1.48 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Smart’s earnings. Smart reported sales of $1.39 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The firm is expected to report its next earnings results on Wednesday, November 15th.
According to Zacks, analysts expect that Smart will report full year sales of $1.48 billion for the current year, with estimates ranging from $4.59 billion to $4.60 billion. For the next fiscal year, analysts forecast that the firm will post sales of $4.99 billion per share, with estimates ranging from $4.95 billion to $5.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Smart.
Smart (NYSE:SFS) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Smart had a return on equity of 4.14% and a net margin of 0.21%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. Smart’s quarterly revenue was up 3.9% compared to the same quarter last year.
Several equities analysts have recently weighed in on SFS shares. Zacks Investment Research upgraded Smart from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered Smart from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. TheStreet lowered Smart from a “c-” rating to a “d+” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and set a $19.00 price objective on shares of Smart in a research note on Friday, July 21st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $12.00 price objective (down previously from $14.00) on shares of Smart in a research note on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Smart presently has an average rating of “Hold” and an average target price of $12.91.
In related news, SVP Michael A. Mortensen sold 19,304 shares of Smart stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $7.59, for a total transaction of $146,517.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph S. Tesoriero acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were acquired at an average cost of $6.95 per share, with a total value of $34,750.00. Following the purchase, the director now directly owns 20,140 shares of the company’s stock, valued at approximately $139,973. The disclosure for this purchase can be found here. 8.47% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. Aperio Group LLC bought a new stake in Smart during the second quarter worth about $125,000. Trexquant Investment LP bought a new stake in Smart during the second quarter worth about $157,000. California Public Employees Retirement System bought a new stake in Smart during the second quarter worth about $165,000. American International Group Inc. lifted its stake in Smart by 7.1% during the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after purchasing an additional 940 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Smart during the second quarter worth about $173,000.
Shares of Smart (SFS) opened at 6.85 on Thursday. Smart has a 12 month low of $6.60 and a 12 month high of $15.45. The company’s 50 day moving average price is $7.31 and its 200 day moving average price is $9.59. The company has a market capitalization of $507.04 million, a P/E ratio of 57.08 and a beta of 0.36.
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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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