Q2 2017 EPS Estimates for SuperValu Inc. Cut by Analyst (SVU)
SuperValu Inc. (NYSE:SVU) – Equities research analysts at Northcoast Research cut their Q2 2017 EPS estimates for shares of SuperValu in a note issued to investors on Friday. Northcoast Research analyst C. Cerankosky now forecasts that the brokerage will earn $0.11 per share for the quarter, down from their previous estimate of $0.13. Northcoast Research also issued estimates for SuperValu’s Q3 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.73 EPS.
SuperValu (NYSE:SVU) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.30 billion. SuperValu had a net margin of 0.94% and a negative return on equity of 43.67%. SuperValu’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS.
SVU has been the subject of several other reports. Royal Bank Of Canada cut their price objective on SuperValu from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Friday, September 9th. RBC Capital Markets reiterated a “sector perform” rating and set a $6.00 price objective (down from $7.00) on shares of SuperValu in a report on Friday, September 9th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $5.00 price objective on shares of SuperValu in a report on Tuesday, July 26th. Morgan Stanley cut their price objective on SuperValu from $5.50 to $5.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. Finally, Telsey Advisory Group cut their price objective on SuperValu from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.97.
SuperValu (NYSE:SVU) opened at 4.59 on Monday. The company has a market cap of $1.22 billion, a P/E ratio of 7.70 and a beta of 1.93. The stock’s 50 day moving average is $5.08 and its 200 day moving average is $5.05. SuperValu has a 1-year low of $3.94 and a 1-year high of $7.84.
Several large investors have recently modified their holdings of SVU. Pacad Investment Ltd. increased its stake in shares of SuperValu by 559.2% in the first quarter. Pacad Investment Ltd. now owns 85,700 shares of the company’s stock valued at $494,000 after buying an additional 72,700 shares in the last quarter. Cornerstone Financial Partners LLC acquired a new stake in shares of SuperValu during the first quarter valued at about $171,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of SuperValu during the first quarter valued at about $456,000. Algert Global LLC increased its stake in shares of SuperValu by 13.4% in the first quarter. Algert Global LLC now owns 69,362 shares of the company’s stock valued at $400,000 after buying an additional 8,192 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of SuperValu by 96.3% in the first quarter. JPMorgan Chase & Co. now owns 3,076,148 shares of the company’s stock valued at $17,719,000 after buying an additional 1,508,968 shares in the last quarter. 82.19% of the stock is currently owned by institutional investors.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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