SpartanNash Company (NASDAQ:SPTN) will announce its earnings results after the market closes on Wednesday, August 16th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. SpartanNash has set its FY17 guidance at $2.26-2.35 EPS.

SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings data on Wednesday, May 24th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. SpartanNash had a return on equity of 10.03% and a net margin of 0.79%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. On average, analysts expect SpartanNash to post $2.30 EPS for the current fiscal year and $2.43 EPS for the next fiscal year.

Shares of SpartanNash Company (NASDAQ:SPTN) opened at 26.43 on Wednesday. SpartanNash Company has a 12 month low of $24.81 and a 12 month high of $40.38. The firm has a market capitalization of $1.00 billion, a P/E ratio of 16.06 and a beta of 1.00. The company’s 50 day moving average price is $26.61 and its 200-day moving average price is $33.06.

SPTN has been the subject of several research analyst reports. BidaskClub upgraded SpartanNash from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Monday, July 17th. Jefferies Group LLC set a $35.00 price target on SpartanNash and gave the stock a “hold” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC restated an “equal weight” rating and set a $28.00 price target (down from $36.00) on shares of SpartanNash in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $29.40.

In other news, Director M Shan Atkins sold 2,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $27.69, for a total value of $55,380.00. Following the completion of the sale, the director now owns 32,425 shares of the company’s stock, valued at $897,848.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis Eidson sold 6,141 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $36.85, for a total value of $226,295.85. Following the completion of the sale, the chief executive officer now directly owns 258,610 shares of the company’s stock, valued at approximately $9,529,778.50. The disclosure for this sale can be found here. Insiders have sold 11,936 shares of company stock valued at $407,921 over the last 90 days. 3.00% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “SpartanNash Company (SPTN) Set to Announce Quarterly Earnings on Wednesday” was originally published by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/spartannash-company-sptn-set-to-announce-quarterly-earnings-on-wednesday.html.

SpartanNash 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.

Earnings History for SpartanNash (NASDAQ:SPTN)

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