Zacks: Brokerages Anticipate Sprouts Farmers Market Inc (SFM) Will Announce Earnings of $0.15 Per Share

Wall Street brokerages forecast that Sprouts Farmers Market Inc (NASDAQ:SFM) will announce $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Sprouts Farmers Market’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.13. Sprouts Farmers Market reported earnings of $0.12 per share during the same quarter last year, which suggests a positive year over year growth rate of 25%. The firm is expected to report its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.02. For the next financial year, analysts forecast that the business will post earnings of $1.16 per share, with EPS estimates ranging from $1.07 to $1.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.16 EPS.

Several research analysts recently issued reports on SFM shares. Susquehanna Bancshares set a $30.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Thursday, January 11th. Stephens set a $27.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets set a $26.00 target price on shares of Sprouts Farmers Market and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Goldman Sachs Group reiterated a “sell” rating and issued a $18.00 target price on shares of Sprouts Farmers Market in a research report on Tuesday, November 14th. Finally, Royal Bank of Canada set a $28.00 target price on shares of Sprouts Farmers Market and gave the stock a “buy” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $25.00.

Sprouts Farmers Market (NASDAQ:SFM) traded down $0.01 on Thursday, hitting $25.95. 1,377,114 shares of the stock were exchanged, compared to its average volume of 2,385,342. The stock has a market cap of $3,450.00, a price-to-earnings ratio of 26.75, a P/E/G ratio of 2.06 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 12-month low of $17.38 and a 12-month high of $26.22.

In other news, insider Theodore Edward Frumkin II sold 36,667 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $23.93, for a total transaction of $877,441.31. Following the completion of the transaction, the insider now directly owns 58,912 shares of the company’s stock, valued at $1,409,764.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Amin N. Maredia sold 12,301 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $24.33, for a total transaction of $299,283.33. The disclosure for this sale can be found here. Insiders sold 1,015,934 shares of company stock valued at $24,918,352 over the last three months. 2.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of SFM. Schwab Charles Investment Management Inc. raised its stake in shares of Sprouts Farmers Market by 20.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 676,497 shares of the company’s stock valued at $15,337,000 after acquiring an additional 113,029 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Sprouts Farmers Market by 18.8% during the second quarter. Legal & General Group Plc now owns 110,793 shares of the company’s stock valued at $2,512,000 after acquiring an additional 17,545 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Sprouts Farmers Market by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,739 shares of the company’s stock valued at $175,000 after acquiring an additional 1,161 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Sprouts Farmers Market by 2.0% during the second quarter. Prudential Financial Inc. now owns 79,120 shares of the company’s stock valued at $1,794,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sprouts Farmers Market by 4.6% during the second quarter. Principal Financial Group Inc. now owns 553,425 shares of the company’s stock valued at $12,546,000 after acquiring an additional 24,367 shares during the last quarter. 90.13% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate Sprouts Farmers Market Inc (SFM) Will Announce Earnings of $0.15 Per Share” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/01/18/zacks-brokerages-anticipate-sprouts-farmers-market-inc-sfm-will-announce-earnings-of-0-15-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.

Latest News

Leave a Reply