Sprouts Farmers Market, Inc. (SFM) Scheduled to Post Earnings on Wednesday
Sprouts Farmers Market, Inc. (NASDAQ:SFM) will release its earnings data before the market opens on Wednesday, November 1st. Analysts expect Sprouts Farmers Market to post earnings of $0.18 per share for the quarter. Sprouts Farmers Market has set its FY17 guidance at $0.88-0.92 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, August 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, analysts expect Sprouts Farmers Market to post $0.92 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
Shares of Sprouts Farmers Market, Inc. (SFM) opened at 18.86 on Wednesday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 21.26 and a beta of 0.54. Sprouts Farmers Market, Inc. has a 52 week low of $17.38 and a 52 week high of $25.98. The firm has a 50 day moving average price of $19.01 and a 200 day moving average price of $22.15.
In other news, insider Brandon F. Lombardi sold 20,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $24.34, for a total transaction of $486,800.00. Following the transaction, the insider now directly owns 73,761 shares of the company’s stock, valued at $1,795,342.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total value of $366,300.00. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several equities analysts recently weighed in on the company. Jefferies Group LLC downgraded Sprouts Farmers Market from a “buy” rating to a “hold” rating and set a $26.00 target price on the stock. in a research report on Thursday, July 27th. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a report on Tuesday, July 25th. Deutsche Bank AG reissued a “hold” rating and set a $24.00 price target (up from $22.00) on shares of Sprouts Farmers Market in a report on Wednesday, August 9th. Royal Bank Of Canada set a $28.00 price target on Sprouts Farmers Market and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Stephens assumed coverage on Sprouts Farmers Market in a report on Friday, August 11th. They set an “equal weight” rating and a $25.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. Sprouts Farmers Market has an average rating of “Hold” and an average price target of $24.88.
About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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