Zacks: Brokerages Anticipate Smart (SFS) Will Announce Quarterly Sales of $1.07 Billion
Equities analysts predict that Smart (NYSE:SFS) will post sales of $1.07 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Smart’s earnings. The highest sales estimate is $1.07 billion and the lowest is $1.06 billion. Smart posted sales of $1.00 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The firm is expected to issue its next earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Smart will report full-year sales of $1.07 billion for the current financial year, with estimates ranging from $4.56 billion to $4.57 billion. For the next year, analysts forecast that the firm will report sales of $4.83 billion per share, with estimates ranging from $4.75 billion to $4.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Smart.
A number of analysts recently weighed in on the company. Morgan Stanley decreased their price target on Smart from $7.50 to $7.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Wells Fargo & Company assumed coverage on Smart in a research note on Friday, November 3rd. They issued an “outperform” rating and a $9.00 price target on the stock. ValuEngine upgraded Smart from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Deutsche Bank decreased their price target on Smart from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Finally, Loop Capital decreased their price target on Smart from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $11.23.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SFS. Dimensional Fund Advisors LP raised its holdings in shares of Smart by 48.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,667,686 shares of the company’s stock worth $13,091,000 after acquiring an additional 545,814 shares during the last quarter. Boston Partners acquired a new position in shares of Smart in the second quarter worth $4,876,000. Ameriprise Financial Inc. raised its holdings in shares of Smart by 1,762.8% in the third quarter. Ameriprise Financial Inc. now owns 455,170 shares of the company’s stock worth $3,574,000 after acquiring an additional 430,735 shares during the last quarter. Signia Capital Management LLC acquired a new position in shares of Smart in the third quarter worth $2,487,000. Finally, Franklin Resources Inc. raised its holdings in shares of Smart by 10.3% in the second quarter. Franklin Resources Inc. now owns 3,026,922 shares of the company’s stock worth $27,545,000 after acquiring an additional 282,997 shares during the last quarter.
Smart (SFS) traded down $0.20 during trading on Friday, hitting $8.30. The company had a trading volume of 530,500 shares, compared to its average volume of 529,589. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.29 and a current ratio of 0.92. Smart has a 12-month low of $5.80 and a 12-month high of $15.45. The stock has a market capitalization of $622.44, a P/E ratio of 30.36, a PEG ratio of 4.68 and a beta of 0.62.
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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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