Wall Street brokerages predict that Sprouts Farmers Market Inc (NASDAQ:SFM) will post $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sprouts Farmers Market’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.15. Sprouts Farmers Market reported earnings of $0.12 per share in the same quarter last year, which would indicate a positive year over year growth rate of 16.7%. The company is expected to announce its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Sprouts Farmers Market will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.89 to $1.01. For the next year, analysts expect that the company will report earnings of $1.09 per share, with EPS estimates ranging from $1.02 to $1.15. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. Sprouts Farmers Market’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $0.16 EPS.

Several equities analysts recently commented on the stock. Royal Bank of Canada set a $28.00 price objective on shares of Sprouts Farmers Market and gave the company a “buy” rating in a research report on Monday, October 30th. Zacks Investment Research lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. BMO Capital Markets increased their price objective on shares of Sprouts Farmers Market from $20.00 to $22.00 and gave the company a “market perform” rating in a research report on Friday, November 3rd. Goldman Sachs Group reaffirmed a “sell” rating and issued a $18.00 price objective on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, William Blair reaffirmed a “buy” rating on shares of Sprouts Farmers Market in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Sprouts Farmers Market currently has an average rating of “Hold” and a consensus price target of $24.28.

In other news, insider Theodore Edward Frumkin II sold 36,667 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the sale, the insider now owns 58,912 shares of the company’s stock, valued at approximately $1,409,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Leroy Nielsen sold 110,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $23.17, for a total transaction of $2,548,700.00. Following the sale, the chief operating officer now directly owns 207,108 shares in the company, valued at approximately $4,798,692.36. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP grew its stake in Sprouts Farmers Market by 28.1% in the 3rd quarter. GSA Capital Partners LLP now owns 20,847 shares of the company’s stock valued at $391,000 after acquiring an additional 4,579 shares during the period. Americafirst Capital Management LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at $374,000. California Public Employees Retirement System grew its stake in Sprouts Farmers Market by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 322,621 shares of the company’s stock valued at $6,056,000 after acquiring an additional 14,721 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Sprouts Farmers Market in the 3rd quarter valued at $520,000. Finally, Janus Henderson Group PLC grew its stake in Sprouts Farmers Market by 543.2% in the 3rd quarter. Janus Henderson Group PLC now owns 115,457 shares of the company’s stock valued at $2,167,000 after acquiring an additional 97,506 shares during the period. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

Sprouts Farmers Market (NASDAQ SFM) opened at $24.12 on Friday. The company has a market cap of $3,151.11, a P/E ratio of 24.41, a P/E/G ratio of 2.11 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.00 and a quick ratio of 0.23. Sprouts Farmers Market has a 1 year low of $17.38 and a 1 year high of $25.98.

ILLEGAL ACTIVITY NOTICE: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/12/16/sprouts-farmers-market-inc-sfm-expected-to-announce-earnings-of-0-14-per-share.html.

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.

Get a free copy of the Zacks research report on Sprouts Farmers Market (SFM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.