$1.48 Billion in Sales Expected for Smart (SFS) This Quarter
Equities research analysts expect Smart (NYSE:SFS) to post $1.48 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Smart’s earnings. Smart reported sales of $1.39 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The company is scheduled to report its next earnings results on Wednesday, November 15th.
On average, analysts expect that Smart will report full-year sales of $1.48 billion for the current year, with estimates ranging from $4.59 billion to $4.60 billion. For the next financial year, analysts forecast that the business will report sales of $4.99 billion per share, with estimates ranging from $4.95 billion to $5.06 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Smart.
Smart (NYSE:SFS) last posted its earnings results on Tuesday, July 25th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.04. Smart had a net margin of 0.21% and a return on equity of 4.14%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year.
A number of brokerages recently commented on SFS. BidaskClub downgraded shares of Smart from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Citigroup Inc. restated a “neutral” rating and issued a $8.50 price objective (down previously from $10.00) on shares of Smart in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Smart from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Deutsche Bank AG restated a “buy” rating and issued a $12.00 price objective (down previously from $14.00) on shares of Smart in a research report on Wednesday, July 26th. Finally, Loop Capital began coverage on shares of Smart in a research report on Monday, May 15th. They issued a “buy” rating and a $17.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.83.
Smart (NYSE:SFS) opened at 7.25 on Thursday. The firm has a 50-day moving average price of $7.96 and a 200-day moving average price of $11.22. The company has a market cap of $536.64 million, a P/E ratio of 60.42 and a beta of 0.28. Smart has a 12-month low of $7.00 and a 12-month high of $15.45.
In other news, SVP Michael A. Mortensen sold 26,980 shares of Smart stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $8.86, for a total transaction of $239,042.80. Following the completion of the sale, the senior vice president now directly owns 48,191 shares in the company, valued at approximately $426,972.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott R. Drew sold 21,000 shares of Smart stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $13.02, for a total transaction of $273,420.00. Following the sale, the executive vice president now owns 64,648 shares of the company’s stock, valued at $841,716.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,940 shares of company stock valued at $1,097,389. Insiders own 8.47% of the company’s stock.
Several large investors have recently bought and sold shares of SFS. Vanguard Group Inc. increased its stake in Smart by 4.5% in the first quarter. Vanguard Group Inc. now owns 2,278,419 shares of the company’s stock worth $27,569,000 after buying an additional 97,761 shares during the last quarter. Wellington Management Group LLP increased its stake in Smart by 50.5% in the first quarter. Wellington Management Group LLP now owns 7,771,127 shares of the company’s stock worth $94,031,000 after buying an additional 2,608,286 shares during the last quarter. United Services Automobile Association increased its stake in Smart by 22.3% in the first quarter. United Services Automobile Association now owns 723,190 shares of the company’s stock worth $8,751,000 after buying an additional 131,800 shares during the last quarter. American International Group Inc. increased its stake in Smart by 7.1% in the first quarter. American International Group Inc. now owns 14,236 shares of the company’s stock worth $172,000 after buying an additional 940 shares during the last quarter. Finally, Hood River Capital Management LLC bought a new stake in Smart during the first quarter worth about $7,762,000.
Smart Company Profile
Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.
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