The Fresh Market (TFM) Updates FY14 Earnings Guidance
The Fresh Market (TFM) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.51-1.58 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.68.
Several analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of The Fresh Market from $63.00 to $60.00 in a research note to investors on Monday. They now have a buy rating on the stock. On a related note, analysts at Morgan Stanley reiterated an overweight rating on shares of The Fresh Market in a research note to investors on Friday, March 1st. Finally, analysts at BB&T Capital Mkts initiated coverage on shares of The Fresh Market in a research note to investors on Wednesday, February 27th. They set a hold rating on the stock.
The Fresh Market (TFM) traded down 9.10% on Wednesday, hitting $38.68. The Fresh Market (TFM) has a 52-week low of $40.53 and a 52-week high of $65.69. The stock’s 50-day moving average is currently $47.75. The company has a market cap of $1.864 billion and a price-to-earnings ratio of 33.24.
The Fresh Market last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.45 by $0.02. The company had revenue of $369.90 million for the quarter, compared to the consensus estimate of $380.12 million. During the same quarter last year, the company posted $0.38 earnings per share. The Fresh Market’s revenue was up 15.2% compared to the same quarter last year. The Fresh Market has set its FY14 guidance at $1.51-1.58 EPS. Analysts expect that The Fresh Market (TFM) will post $1.36 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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