Analysts Anticipate SpartanNash Company (SPTN) to Post $0.60 EPS
Equities analysts expect that SpartanNash Company (NASDAQ:SPTN) will announce earnings per share (EPS) of $0.60 for the current quarter, Zacks reports. Two analysts have issued estimates for SpartanNash Company’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. SpartanNash Company reported earnings per share of $0.58 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The business is expected to issue its next earnings report on Wednesday, August 16th.
On average, analysts expect that SpartanNash Company will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.38. For the next year, analysts forecast that the company will post earnings of $2.47 per share, with EPS estimates ranging from $2.39 to $2.58. Zacks’ EPS averages are an average based on a survey of analysts that cover SpartanNash Company.
SpartanNash Company (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, May 24th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. SpartanNash Company had a net margin of 0.79% and a return on equity of 10.03%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business posted $0.54 EPS. The company’s revenue was up 5.4% on a year-over-year basis.
SPTN has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of SpartanNash Company from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. Pivotal Research lowered their target price on shares of SpartanNash Company from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, May 24th. Jefferies Group LLC set a $35.00 target price on shares of SpartanNash Company and gave the company a “hold” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of SpartanNash Company from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, ValuEngine downgraded shares of SpartanNash Company from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.00.
SpartanNash Company (SPTN) traded down 3.74% during trading on Thursday, reaching $26.50. 126,953 shares of the company were exchanged. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 16.10 and a beta of 1.00. SpartanNash Company has a 52-week low of $26.25 and a 52-week high of $40.38. The firm has a 50-day moving average of $33.32 and a 200-day moving average of $35.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Wednesday, June 14th. SpartanNash Company’s dividend payout ratio is 40.00%.
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In other news, Director M Shan Atkins sold 1,015 shares of the stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $33.23, for a total transaction of $33,728.45. Following the completion of the sale, the director now owns 37,440 shares of the company’s stock, valued at $1,244,131.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Staples sold 3,453 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $34.69, for a total transaction of $119,784.57. Following the sale, the insider now directly owns 99,367 shares of the company’s stock, valued at approximately $3,447,041.23. The disclosure for this sale can be found here. Insiders have sold 71,816 shares of company stock valued at $2,499,732 in the last three months. 3.00% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in shares of SpartanNash Company by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 256,850 shares of the company’s stock valued at $10,155,000 after buying an additional 1,010 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of SpartanNash Company during the fourth quarter valued at approximately $7,245,000. Comerica Bank boosted its position in shares of SpartanNash Company by 56.0% in the fourth quarter. Comerica Bank now owns 75,249 shares of the company’s stock valued at $2,976,000 after buying an additional 27,008 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of SpartanNash Company by 16.6% in the first quarter. Wedge Capital Management L L P NC now owns 408,727 shares of the company’s stock valued at $14,301,000 after buying an additional 58,281 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of SpartanNash Company by 0.5% in the first quarter. Alpha Windward LLC now owns 12,420 shares of the company’s stock valued at $435,000 after buying an additional 60 shares during the last quarter. 88.30% of the stock is owned by institutional investors.
SpartanNash Company Company Profile
SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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