SpartanNash (NASDAQ:SPTN) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27.
Several analysts have commented on the stock. Pivotal Research decreased their target price on shares of SpartanNash from $12.00 to $10.00 and set a sell rating for the company in a research report on Tuesday, June 11th. Loop Capital began coverage on shares of SpartanNash in a research note on Tuesday, June 25th. They set a buy rating and a $15.00 target price for the company. BMO Capital Markets cut shares of SpartanNash from a market perform rating to an underperform rating and dropped their price objective for the company from $13.00 to $8.00 in a research note on Friday, August 2nd. BidaskClub raised shares of SpartanNash from a strong sell rating to a sell rating in a report on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of SpartanNash from a hold rating to a sell rating in a report on Tuesday, May 7th. Six analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $14.33.
Shares of SPTN traded down $0.47 during trading hours on Wednesday, hitting $8.94. The stock had a trading volume of 433,185 shares, compared to its average volume of 273,219. The company’s fifty day moving average price is $11.08. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.90 and a quick ratio of 0.82. SpartanNash has a 52 week low of $8.82 and a 52 week high of $24.11. The stock has a market capitalization of $324.65 million, a PE ratio of 4.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.37.
SpartanNash (NASDAQ:SPTN) last posted its earnings results on Monday, May 20th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. SpartanNash had a net margin of 0.35% and a return on equity of 7.77%. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts anticipate that SpartanNash will post 1.33 EPS for the current fiscal year.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
See Also: Why do analysts give a neutral rating?
Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.com's FREE daily email newsletter.