$124.00 Million in Sales Expected for Simply Good Foods Co (SMPL) This Quarter
Equities analysts expect Simply Good Foods Co (NASDAQ:SMPL) to announce sales of $124.00 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Simply Good Foods’ earnings. The highest sales estimate is $127.90 million and the lowest is $121.51 million. Simply Good Foods reported sales of $106.59 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Simply Good Foods will report full year sales of $476.66 million for the current fiscal year, with estimates ranging from $468.50 million to $487.50 million. For the next fiscal year, analysts anticipate that the company will report sales of $494.96 million, with estimates ranging from $482.00 million to $516.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The company had revenue of $108.30 million during the quarter, compared to analysts’ expectations of $111.25 million. Simply Good Foods had a return on equity of 6.73% and a net margin of 16.33%. Simply Good Foods’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 earnings per share.
A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC grew its holdings in Simply Good Foods by 16.4% during the second quarter. Janus Henderson Group PLC now owns 4,415,752 shares of the financial services provider’s stock valued at $63,763,000 after purchasing an additional 621,417 shares during the period. BlackRock Inc. grew its holdings in Simply Good Foods by 1.2% during the third quarter. BlackRock Inc. now owns 3,944,291 shares of the financial services provider’s stock valued at $76,716,000 after purchasing an additional 45,027 shares during the period. Victory Capital Management Inc. grew its holdings in Simply Good Foods by 196.3% during the third quarter. Victory Capital Management Inc. now owns 1,878,164 shares of the financial services provider’s stock valued at $36,530,000 after purchasing an additional 1,244,264 shares during the period. Eagle Asset Management Inc. grew its holdings in Simply Good Foods by 10.8% during the third quarter. Eagle Asset Management Inc. now owns 1,016,809 shares of the financial services provider’s stock valued at $19,776,000 after purchasing an additional 99,440 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Simply Good Foods by 29.9% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 998,977 shares of the financial services provider’s stock valued at $19,430,000 after purchasing an additional 230,210 shares during the period. 82.85% of the stock is owned by institutional investors and hedge funds.
Simply Good Foods stock opened at $19.58 on Friday. The firm has a market cap of $1.56 billion, a P/E ratio of 33.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 6.07 and a quick ratio of 5.09. Simply Good Foods has a one year low of $12.14 and a one year high of $20.05.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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