Analysts expect Simply Good Foods Co (NASDAQ:SMPL) to announce sales of $108.74 million for the current quarter, according to Zacks. Three analysts have provided estimates for Simply Good Foods’ earnings, with estimates ranging from $107.11 million to $109.60 million. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Simply Good Foods will report full-year sales of $108.74 million for the current fiscal year, with estimates ranging from $414.78 million to $420.00 million. For the next financial year, analysts anticipate that the company will report sales of $434.66 million per share, with estimates ranging from $430.59 million to $440.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings results on Tuesday, January 9th. The financial services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $106.59 million for the quarter, compared to analyst estimates of $105.70 million.
In other news, Director Robert G. Montgomery acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $12.40 per share, with a total value of $62,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.23% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of SMPL. Nationwide Fund Advisors purchased a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $488,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $223,000. Bank of New York Mellon Corp purchased a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $371,000. Wells Fargo & Company MN purchased a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $493,000. Finally, Sii Investments Inc. WI purchased a new position in shares of Simply Good Foods in the 3rd quarter worth approximately $798,000. 74.16% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Simply Good Foods (NASDAQ:SMPL) opened at $13.83 on Tuesday. Simply Good Foods has a twelve month low of $10.93 and a twelve month high of $16.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.31 and a current ratio of 4.20.
About Simply Good Foods
The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.
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