Smart (SFS) Getting Favorable News Coverage, Study Finds
News headlines about Smart (NYSE:SFS) have been trending positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Smart earned a media sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.754733401466 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s rankings:
- The Best Smartphones for Those Who Can’t Spend $1,000 on an iPhone X (investorplace.com)
- Smart (SFS) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- The Smartest Move Johnson & Johnson Has Made All Year (fool.com)
- Why MediaTek Is Smart to Get Out of Qualcomm, Inc.’s Way (fool.com)
- Want Better Than Apple Inc. (AAPL) Stock? Look At 3 Smartphone Suppliers (investorplace.com)
A number of equities research analysts have commented on SFS shares. Morgan Stanley reiterated an “underweight” rating and set a $8.00 target price (down previously from $11.00) on shares of Smart in a report on Monday, June 19th. Zacks Investment Research cut Smart from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Deutsche Bank AG reiterated a “buy” rating and set a $12.00 target price (down previously from $14.00) on shares of Smart in a report on Wednesday, July 26th. TheStreet cut Smart from a “c-” rating to a “d+” rating in a report on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a $8.50 target price (down previously from $10.00) on shares of Smart in a report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.83.
Smart (SFS) traded down 1.36% during midday trading on Monday, hitting $7.25. The stock had a trading volume of 276,752 shares. The firm has a 50 day moving average price of $7.52 and a 200 day moving average price of $10.37. Smart has a one year low of $6.60 and a one year high of $15.45. The stock has a market cap of $536.64 million, a PE ratio of 60.42 and a beta of 0.31.
Smart (NYSE:SFS) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.04). Smart had a return on equity of 4.14% and a net margin of 0.21%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts expect that Smart will post $0.49 EPS for the current year.
In other news, SVP Michael A. Mortensen sold 26,980 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $8.86, for a total transaction of $239,042.80. Following the transaction, the senior vice president now directly owns 48,191 shares in the company, valued at approximately $426,972.26. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph S. Tesoriero purchased 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were bought at an average price of $6.95 per share, for a total transaction of $34,750.00. Following the completion of the acquisition, the director now owns 20,140 shares in the company, valued at $139,973. The disclosure for this purchase can be found here. Insiders own 8.47% of the company’s stock.
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Smart 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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