Zacks: Brokerages Expect Smart & Final Stores Inc (SFS) Will Announce Quarterly Sales of $1.07 Billion

Brokerages forecast that Smart & Final Stores Inc (NYSE:SFS) will post sales of $1.07 billion for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Smart & Final Stores’ earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.07 billion. Smart & Final Stores reported sales of $1.00 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7%. The firm is scheduled to report its next earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Smart & Final Stores 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 fiscal year, analysts forecast that the company will report sales of $4.83 billion per share, with estimates ranging from $4.75 billion to $4.89 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last released its quarterly earnings data on Wednesday, November 15th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). Smart & Final Stores had a net margin of 0.16% and a return on equity of 3.69%.

Several research firms recently weighed in on SFS. JPMorgan Chase & Co. began coverage on Smart & Final Stores in a research note on Tuesday, December 5th. They issued a “neutral” rating and a $9.00 price objective for the company. ValuEngine raised Smart & Final Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Barclays raised Smart & Final Stores from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $8.00 to $12.00 in a research note on Tuesday. Zacks Investment Research downgraded Smart & Final Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Finally, Morgan Stanley dropped their price objective on Smart & Final Stores from $7.50 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.30.

In other Smart & Final Stores news, SVP Michael A. Mortensen sold 9,652 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $8.86, for a total transaction of $85,516.72. Following the sale, the senior vice president now owns 30,863 shares in the company, valued at approximately $273,446.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael A. Mortensen sold 19,304 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $6.11, for a total value of $117,947.44. Following the sale, the senior vice president now owns 40,515 shares in the company, valued at approximately $247,546.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,756 shares of company stock worth $995,370. 8.47% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in SFS. Schwab Charles Investment Management Inc. boosted its holdings in shares of Smart & Final Stores by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 100,397 shares of the company’s stock worth $914,000 after purchasing an additional 1,030 shares during the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Smart & Final Stores during the second quarter worth $1,363,000. Alliancebernstein L.P. boosted its holdings in shares of Smart & Final Stores by 62.6% during the second quarter. Alliancebernstein L.P. now owns 32,200 shares of the company’s stock worth $293,000 after purchasing an additional 12,400 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Smart & Final Stores by 79.0% during the second quarter. Teachers Advisors LLC now owns 66,343 shares of the company’s stock worth $604,000 after purchasing an additional 29,283 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Smart & Final Stores by 48.3% during the second quarter. TIAA CREF Investment Management LLC now owns 94,929 shares of the company’s stock worth $864,000 after purchasing an additional 30,904 shares during the last quarter.

Smart & Final Stores (SFS) traded down $0.01 during midday trading on Thursday, reaching $9.45. The company had a trading volume of 445,000 shares, compared to its average volume of 406,609. Smart & Final Stores has a 12-month low of $5.80 and a 12-month high of $15.45. The stock has a market cap of $693.94, a P/E ratio of 94.50, a P/E/G ratio of 4.41 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11.

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Smart & Final Stores Company Profile

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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