SpartanNash Co (SPTN) Expected to Post Earnings of $0.41 Per Share
Equities research analysts expect SpartanNash Co (NASDAQ:SPTN) to report $0.41 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SpartanNash’s earnings, with estimates ranging from $0.39 to $0.44. SpartanNash also posted earnings of $0.41 per share in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, February 20th.
According to Zacks, analysts expect that SpartanNash will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.93 to $1.99. For the next financial year, analysts anticipate that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $1.91 to $2.19. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover SpartanNash.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, November 7th. The company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.91 billion. SpartanNash had a return on equity of 9.81% and a net margin of 1.02%. SpartanNash’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of SpartanNash by 1.6% during the third quarter. BlackRock Inc. now owns 5,263,166 shares of the company’s stock valued at $105,581,000 after buying an additional 84,581 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of SpartanNash by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 3,019,692 shares of the company’s stock valued at $60,575,000 after purchasing an additional 31,265 shares during the last quarter. LSV Asset Management raised its holdings in shares of SpartanNash by 7.8% in the third quarter. LSV Asset Management now owns 1,741,497 shares of the company’s stock valued at $34,934,000 after purchasing an additional 126,101 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SpartanNash by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 867,675 shares of the company’s stock valued at $17,406,000 after purchasing an additional 10,490 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of SpartanNash by 1.0% in the second quarter. Northern Trust Corp now owns 772,030 shares of the company’s stock valued at $19,703,000 after purchasing an additional 7,331 shares during the last quarter. 84.83% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:SPTN traded down $0.17 during mid-day trading on Tuesday, reaching $17.43. The stock had a trading volume of 214,100 shares, compared to its average volume of 236,373. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.99 and a quick ratio of 0.84. The company has a market capitalization of $596.24 million, a price-to-earnings ratio of 8.36, a PEG ratio of 1.22 and a beta of 1.17. SpartanNash has a one year low of $16.10 and a one year high of $27.72.
SpartanNash Company Profile
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.
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