SpartanNash Company (SPTN) Set to Announce Earnings on Wednesday
SpartanNash Company (NASDAQ:SPTN) will release its earnings data after the market closes on Wednesday, November 8th. Analysts expect SpartanNash to post earnings of $0.58 per share for the quarter. SpartanNash has set its FY17 guidance at $2.18-2.28 EPS.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, August 16th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. SpartanNash had a net margin of 0.83% and a return on equity of 10.00%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts expect SpartanNash to post $2.23 EPS for the current fiscal year and $2.37 EPS for the next fiscal year.
Shares of SpartanNash Company (NASDAQ:SPTN) opened at 24.55 on Wednesday. The firm has a market capitalization of $914.98 million, a PE ratio of 14.08 and a beta of 1.07. The firm’s 50-day moving average is $25.48 and its 200 day moving average is $28.36. SpartanNash Company has a 52 week low of $22.90 and a 52 week high of $40.38.
A number of brokerages have recently issued reports on SPTN. Jefferies Group LLC restated a “hold” rating and set a $30.00 target price on shares of SpartanNash in a research report on Friday, August 11th. BidaskClub upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine upgraded shares of SpartanNash from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. BMO Capital Markets began coverage on shares of SpartanNash in a research report on Tuesday, September 12th. They set a “market perform” rating and a $25.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. SpartanNash currently has a consensus rating of “Hold” and a consensus target price of $24.80.
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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