Sprouts Farmers Market (NASDAQ:SFM) Updates Q4 2021 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.260-$0.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.340. The company issued revenue guidance of $1.45 billion-$1.48 billion, compared to the consensus revenue estimate of $1.50 billion.Sprouts Farmers Market also updated its FY 2021 guidance to $2.040-$2.080 EPS.

NASDAQ SFM traded down $0.28 during trading on Thursday, reaching $26.79. 2,228,899 shares of the company’s stock traded hands, compared to its average volume of 2,329,232. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.16 and a quick ratio of 0.62. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 11.35 and a beta of 0.25. The company’s 50 day simple moving average is $23.31 and its two-hundred day simple moving average is $24.76. Sprouts Farmers Market has a 12-month low of $19.13 and a 12-month high of $29.35.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, November 4th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.58 billion. Sprouts Farmers Market had a net margin of 4.45% and a return on equity of 29.50%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. Research analysts expect that Sprouts Farmers Market will post 2.07 earnings per share for the current fiscal year.

SFM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sprouts Farmers Market from $34.00 to $29.00 and set a buy rating on the stock in a research report on Friday, August 6th. Gordon Haskett cut shares of Sprouts Farmers Market from a hold rating to a reduce rating and set a $20.00 price target on the stock. in a report on Thursday, November 11th. Finally, BMO Capital Markets cut shares of Sprouts Farmers Market from a market perform rating to an underperform rating and lowered their price target for the company from $21.00 to $19.00 in a report on Tuesday, October 5th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $22.80.

About Sprouts Farmers Market

Sprouts Farmers Markets, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.

See Also: Trading Options- What is a Strangle?

Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

Receive News & Ratings for Sprouts Farmers Market Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprouts Farmers Market and related companies with MarketBeat.com's FREE daily email newsletter.