Zacks: Brokerages Expect SpartanNash Co (NASDAQ:SPTN) Will Post Quarterly Sales of $1.99 Billion
Equities research analysts expect that SpartanNash Co (NASDAQ:SPTN) will announce sales of $1.99 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SpartanNash’s earnings, with the lowest sales estimate coming in at $1.98 billion and the highest estimate coming in at $1.99 billion. SpartanNash posted sales of $1.90 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.7%. The firm is scheduled to report its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that SpartanNash will report full-year sales of $8.53 billion for the current financial year, with estimates ranging from $8.52 billion to $8.53 billion. For the next fiscal year, analysts expect that the firm will post sales of $8.83 billion, with estimates ranging from $8.80 billion to $8.87 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow SpartanNash.
SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.09). SpartanNash had a positive return on equity of 6.18% and a negative net margin of 0.16%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $0.50 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year.
Shares of NASDAQ SPTN traded up $0.46 during mid-day trading on Tuesday, reaching $14.41. The company had a trading volume of 264,478 shares, compared to its average volume of 290,085. The stock has a fifty day moving average of $13.29 and a two-hundred day moving average of $11.95. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.74 and a current ratio of 1.72. The company has a market capitalization of $506.68 million, a price-to-earnings ratio of 7.70, a PEG ratio of 1.60 and a beta of 1.39. SpartanNash has a 12-month low of $8.82 and a 12-month high of $22.49.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.28%. The ex-dividend date is Monday, December 9th. SpartanNash’s payout ratio is currently 40.64%.
Institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC bought a new stake in shares of SpartanNash in the 2nd quarter valued at approximately $5,803,000. Millennium Management LLC raised its position in SpartanNash by 949.8% during the third quarter. Millennium Management LLC now owns 543,807 shares of the company’s stock valued at $6,433,000 after acquiring an additional 492,007 shares in the last quarter. Invesco Ltd. lifted its stake in SpartanNash by 53.7% in the second quarter. Invesco Ltd. now owns 817,636 shares of the company’s stock valued at $9,542,000 after acquiring an additional 285,630 shares during the last quarter. Vanguard Group Inc. lifted its stake in SpartanNash by 9.1% in the second quarter. Vanguard Group Inc. now owns 2,681,176 shares of the company’s stock valued at $31,288,000 after acquiring an additional 223,193 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in SpartanNash by 115.1% in the second quarter. Renaissance Technologies LLC now owns 411,678 shares of the company’s stock worth $4,804,000 after acquiring an additional 220,266 shares in the last quarter. 80.95% of the stock is owned by institutional investors.
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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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