Sprouts Farmers Market, Inc. (SFM) Expected to Post Earnings of $0.14 Per Share
Equities research analysts expect that Sprouts Farmers Market, Inc. (NASDAQ:SFM) will announce earnings per share of $0.14 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Sprouts Farmers Market’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.13. Sprouts Farmers Market reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year-over-year growth rate of 16.7%. The firm is expected to report its next earnings report on Thursday, February 22nd.
On average, analysts expect that Sprouts Farmers Market will report full year earnings of $0.98 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.01. For the next financial year, analysts forecast that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.01 to $1.15. Zacks’ EPS averages are an average based on a survey of analysts that cover Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings results on Thursday, November 2nd. The company reported C$0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.05. The firm had revenue of C$1.21 billion during the quarter, compared to analyst estimates of C$1.18 billion. Sprouts Farmers Market had a return on equity of 21.00% and a net margin of 3.01%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS.
SFM has been the subject of several research reports. BMO Capital Markets set a $24.00 price objective on Sprouts Farmers Market and gave the stock a “hold” rating in a research note on Tuesday, August 29th. SunTrust Banks, Inc. reissued a “buy” rating and set a $27.00 price objective on shares of Sprouts Farmers Market in a research note on Friday, September 15th. Zacks Investment Research lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. William Blair reissued a “buy” rating on shares of Sprouts Farmers Market in a research note on Friday, August 25th. Finally, BidaskClub lowered Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. Sprouts Farmers Market currently has an average rating of “Hold” and an average target price of C$24.44.
Sprouts Farmers Market (NASDAQ SFM) opened at C$20.80 on Monday. The stock has a market capitalization of $2,767.87, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 1.85 and a beta of 0.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a one year low of C$17.38 and a one year high of C$25.98.
In other Sprouts Farmers Market news, insider Daniel Bruni purchased 15,000 shares of the stock in a transaction dated Friday, September 15th. The shares were bought at an average cost of C$19.00 per share, with a total value of C$285,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bradley Lukow purchased 7,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was acquired at an average cost of C$19.80 per share, for a total transaction of C$138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Farr Miller & Washington LLC DC grew its position in shares of Sprouts Farmers Market by 0.9% in the second quarter. Farr Miller & Washington LLC DC now owns 1,283,474 shares of the company’s stock valued at $29,096,000 after purchasing an additional 11,722 shares during the last quarter. Northern Trust Corp grew its position in shares of Sprouts Farmers Market by 1.2% in the second quarter. Northern Trust Corp now owns 1,127,869 shares of the company’s stock valued at $25,568,000 after purchasing an additional 13,641 shares during the last quarter. AGF Investments America Inc. grew its position in Sprouts Farmers Market by 23.2% during the second quarter. AGF Investments America Inc. now owns 182,658 shares of the company’s stock worth $4,141,000 after buying an additional 34,437 shares in the last quarter. Royal Bank of Canada grew its position in Sprouts Farmers Market by 67.3% during the second quarter. Royal Bank of Canada now owns 136,168 shares of the company’s stock worth $3,086,000 after buying an additional 54,787 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Sprouts Farmers Market by 23.1% during the second quarter. Blair William & Co. IL now owns 165,984 shares of the company’s stock worth $3,763,000 after buying an additional 31,103 shares in the last quarter. 88.87% of the stock is currently owned by institutional investors.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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