Zacks: Brokerages Anticipate SpartanNash Co (SPTN) to Announce $0.42 Earnings Per Share

Brokerages forecast that SpartanNash Co (NASDAQ:SPTN) will report earnings of $0.42 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SpartanNash’s earnings, with estimates ranging from $0.41 to $0.43. SpartanNash reported earnings of $0.53 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.8%. The company is expected to report its next earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that SpartanNash will report full year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.12. For the next year, analysts expect that the firm will report earnings of $2.18 per share, with EPS estimates ranging from $2.09 to $2.24. Zacks’ EPS calculations are an average based on a survey of analysts that cover SpartanNash.

SPTN has been the subject of several research reports. TheStreet cut SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. BidaskClub cut SpartanNash from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Pivotal Research reaffirmed a “sell” rating and set a $18.00 price objective on shares of SpartanNash in a report on Wednesday, November 8th. ValuEngine cut SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Northcoast Research cut SpartanNash from a “buy” rating to a “neutral” rating in a report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.20.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPTN. Piedmont Investment Advisors LLC acquired a new position in shares of SpartanNash in the second quarter worth $212,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of SpartanNash by 754.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,474 shares of the company’s stock worth $253,000 after acquiring an additional 8,365 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of SpartanNash by 1.8% in the second quarter. Suntrust Banks Inc. now owns 10,259 shares of the company’s stock worth $266,000 after acquiring an additional 183 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of SpartanNash in the fourth quarter worth $334,000. Finally, Assetmark Inc. raised its holdings in shares of SpartanNash by 30.4% in the third quarter. Assetmark Inc. now owns 13,276 shares of the company’s stock worth $350,000 after acquiring an additional 3,094 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Shares of SpartanNash (SPTN) traded up $0.41 during mid-day trading on Wednesday, reaching $22.38. The company had a trading volume of 128,731 shares, compared to its average volume of 233,017. The firm has a market capitalization of $827.80, a PE ratio of -11.13, a PEG ratio of 1.68 and a beta of 0.88. SpartanNash has a 52-week low of $18.56 and a 52-week high of $39.67. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.74 and a current ratio of 1.81.

SpartanNash declared that its board has authorized a share buyback program on Thursday, November 16th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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About SpartanNash

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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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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