Sprouts Farmers Market, Inc. (SFM) Releases FY17 Earnings Guidance
Sprouts Farmers Market, Inc. (NASDAQ:SFM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.98-0.99 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.93. The company issued revenue guidance of $4.633-4.653 billion, compared to the consensus revenue estimate of $4.62 billion.
Sprouts Farmers Market, Inc. (SFM) traded up $1.50 during trading hours on Friday, hitting $20.37. 2,968,888 shares of the stock traded hands, compared to its average volume of 2,562,400. The stock has a market capitalization of $2,725.29, a PE ratio of 21.11 and a beta of 0.54.
Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, November 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Sprouts Farmers Market had a net margin of 3.01% and a return on equity of 21.00%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm earned $0.16 earnings per share. Sprouts Farmers Market’s quarterly revenue was up 16.4% compared to the same quarter last year. research analysts expect that Sprouts Farmers Market, Inc. will post 0.94 earnings per share for the current year.
SFM has been the subject of a number of recent analyst reports. BMO Capital Markets set a $24.00 price objective on shares of Sprouts Farmers Market and gave the company a hold rating in a report on Tuesday, August 29th. SunTrust Banks, Inc. restated a buy rating and issued a $27.00 price objective on shares of Sprouts Farmers Market in a report on Friday, September 15th. Zacks Investment Research cut shares of Sprouts Farmers Market from a hold rating to a sell rating in a report on Wednesday, October 18th. William Blair restated a buy rating on shares of Sprouts Farmers Market in a report on Friday, August 25th. Finally, BidaskClub cut shares of Sprouts Farmers Market from a hold rating to a sell rating in a report on Monday, September 18th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. Sprouts Farmers Market presently has a consensus rating of Hold and a consensus target price of $24.44.
In other news, CFO Bradley Lukow acquired 7,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was bought at an average price of $19.80 per share, for a total transaction of $138,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven H. Townsend sold 15,000 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $24.42, for a total transaction of $366,300.00. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
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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