SpartanNash Company (NASDAQ:SPTN) – Stock analysts at Northcoast Research reduced their FY2017 EPS estimates for SpartanNash in a research report issued on Wednesday. Northcoast Research analyst C. Cerankosky now anticipates that the company will post earnings of $2.12 per share for the year, down from their prior estimate of $2.27. Northcoast Research also issued estimates for SpartanNash’s Q4 2017 earnings at $0.43 EPS and FY2018 earnings at $2.31 EPS.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.watchlistnews.com/spartannash-company-expected-to-post-fy2017-earnings-of-2-12-per-share-sptn/1710408.html.

Several other equities research analysts also recently issued reports on SPTN. Pivotal Research reaffirmed a “sell” rating and set a $18.00 price target on shares of SpartanNash in a report on Wednesday, November 8th. Deutsche Bank AG cut their price target on SpartanNash from $40.00 to $26.00 and set a “hold” rating for the company in a report on Friday, August 18th. Barclays PLC cut their price target on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Friday, November 10th. TheStreet downgraded SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Finally, BidaskClub downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $23.20.

Shares of SpartanNash (NASDAQ:SPTN) traded up $0.27 during trading on Friday, reaching $22.82. The company’s stock had a trading volume of 246,448 shares, compared to its average volume of 202,447. SpartanNash has a fifty-two week low of $18.56 and a fifty-two week high of $40.38. The firm has a market cap of $779.73, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. The company has a quick ratio of 0.74, a current ratio of 1.81 and a debt-to-equity ratio of 0.92.

Several institutional investors and hedge funds have recently bought and sold shares of SPTN. Victory Capital Management Inc. lifted its holdings in shares of SpartanNash by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,689 shares of the company’s stock worth $122,000 after buying an additional 704 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of SpartanNash during the second quarter worth $127,000. State of Alaska Department of Revenue increased its position in shares of SpartanNash by 80.4% in the second quarter. State of Alaska Department of Revenue now owns 7,468 shares of the company’s stock worth $193,000 after purchasing an additional 3,328 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of SpartanNash in the second quarter worth $212,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of SpartanNash in the second quarter worth $238,000. 88.48% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

Receive News & Ratings for SpartanNash Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash Company and related companies with Analyst Ratings Network's FREE daily email newsletter.