The Fresh Market Inc (TFM) Updates FY13 Earnings Guidance
The Fresh Market Inc (TFM) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.33-1.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43.
A number of analysts have recently weighed in on TFM shares. Analysts at Deutsche Bank downgraded shares of The Fresh Market from a buy rating to a hold rating in a research note to investors on Wednesday. On a related note, analysts at Goldman Sachs raised their price target on shares of The Fresh Market to $60.00 in a research note to investors on Monday, October 29th. Finally, analysts at Piper Jaffray raised their price target on shares of The Fresh Market to $65.00 in a research note to investors on Thursday, August 30th.
The Fresh Market Inc (TFM) opened at 60.24 on Wednesday. The Fresh Market Inc (TFM) has a 52-week low of $33.82 and a 52-week high of $65.69. The company has a market cap of $2.898 billion and a price-to-earnings ratio of 48.23.
The Fresh Market last posted its quarterly earnings results on Wednesday, November 28th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by $0.01. The company had revenue of $321.50 million for the quarter, compared to the consensus estimate of $318.67 million. During the same quarter in 2011, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. Analysts expect that The Fresh Market Inc (TFM) will post $1.38 EPS for the current fiscal year.
The Fresh Market, Inc., (The Fresh Market) is a specialty retailer. The Company focuses on perishable product categories, which include meat, seafood, produce, deli, bakery, floral, sushi and prepared foods.
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