Zacks: Analysts Anticipate SpartanNash Co (SPTN) Will Announce Earnings of $0.42 Per Share
Equities analysts expect SpartanNash Co (NASDAQ:SPTN) to announce earnings of $0.42 per share for the current quarter, Zacks reports. Two analysts have made estimates for SpartanNash’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.41. SpartanNash reported earnings per share of $0.53 in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.8%. The business is expected to issue its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that SpartanNash will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.12. For the next year, analysts anticipate that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $2.09 to $2.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow SpartanNash.
SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.54. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The company 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 earned $0.53 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis.
A number of research analysts recently commented on SPTN shares. Jefferies Group reaffirmed a “hold” rating and issued a $25.00 price target on shares of SpartanNash in a research note on Monday, October 16th. Pivotal Research reaffirmed a “sell” rating and issued a $18.00 price target on shares of SpartanNash in a research note on Wednesday, November 8th. TheStreet downgraded SpartanNash from a “b-” rating to a “c-” rating in a research note on Wednesday, November 8th. Barclays dropped their price target on SpartanNash from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, November 10th. Finally, BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.20.
A number of hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in SpartanNash by 5.6% in the second quarter. State Street Corp now owns 1,065,210 shares of the company’s stock valued at $27,654,000 after acquiring an additional 56,359 shares during the last quarter. Martin & Co. Inc. TN grew its position in SpartanNash by 106.3% in the second quarter. Martin & Co. Inc. TN now owns 70,265 shares of the company’s stock valued at $1,824,000 after acquiring an additional 36,200 shares during the last quarter. Vanguard Group Inc. grew its position in SpartanNash by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,757,235 shares of the company’s stock valued at $71,578,000 after acquiring an additional 212,923 shares during the last quarter. Bank of New York Mellon Corp grew its position in SpartanNash by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,032,110 shares of the company’s stock valued at $27,217,000 after acquiring an additional 31,792 shares during the last quarter. Finally, Northern Trust Corp grew its position in SpartanNash by 10.0% in the second quarter. Northern Trust Corp now owns 797,462 shares of the company’s stock valued at $20,702,000 after acquiring an additional 72,318 shares during the last quarter. 86.05% of the stock is owned by institutional investors and hedge funds.
SpartanNash (SPTN) opened at $25.22 on Friday. The company has a market capitalization of $925.40, a PE ratio of -12.55, a P/E/G ratio of 3.83 and a beta of 1.02. SpartanNash has a 52 week low of $18.56 and a 52 week high of $40.04. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 0.74.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Thursday, December 7th. SpartanNash’s dividend payout ratio (DPR) is presently -32.84%.
SpartanNash declared that its board has approved a share buyback plan on Thursday, November 16th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
SpartanNash Company Profile
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.
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