Equities analysts expect that Simply Good Foods Co (NASDAQ:SMPL) will post earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Simply Good Foods’ earnings. Simply Good Foods reported earnings per share of $0.14 in the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Simply Good Foods will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.62. For the next year, analysts anticipate that the company will report earnings of $0.67 per share, with EPS estimates ranging from $0.64 to $0.70. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Simply Good Foods had a net margin of 16.33% and a return on equity of 6.73%. The business had revenue of $108.30 million during the quarter, compared to analyst estimates of $111.25 million. During the same quarter last year, the business earned $0.11 earnings per share. Simply Good Foods’s quarterly revenue was up 11.0% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the stock. CL King assumed coverage on shares of Simply Good Foods in a report on Monday. They issued a “buy” rating for the company. Buckingham Research assumed coverage on shares of Simply Good Foods in a report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Zacks Investment Research lowered shares of Simply Good Foods from a “buy” rating to a “sell” rating in a report on Wednesday, October 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Shares of Simply Good Foods stock traded up $0.35 during trading on Wednesday, hitting $19.61. The stock had a trading volume of 14,577 shares, compared to its average volume of 821,414. The firm has a market capitalization of $1.66 billion, a PE ratio of 34.03 and a beta of 0.65. The company has a current ratio of 6.07, a quick ratio of 5.09 and a debt-to-equity ratio of 0.28. Simply Good Foods has a 12 month low of $12.14 and a 12 month high of $20.75.

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in shares of Simply Good Foods by 16.4% in the 2nd quarter. Janus Henderson Group PLC now owns 4,415,752 shares of the financial services provider’s stock worth $63,763,000 after acquiring an additional 621,417 shares during the last quarter. BlackRock Inc. increased its stake in Simply Good Foods by 1.2% in the 3rd quarter. BlackRock Inc. now owns 3,944,291 shares of the financial services provider’s stock worth $76,716,000 after buying an additional 45,027 shares during the period. Victory Capital Management Inc. increased its stake in Simply Good Foods by 196.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,878,164 shares of the financial services provider’s stock worth $36,530,000 after buying an additional 1,244,264 shares during the period. Eagle Asset Management Inc. increased its stake in Simply Good Foods by 10.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,016,809 shares of the financial services provider’s stock worth $19,776,000 after buying an additional 99,440 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Simply Good Foods by 29.9% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 998,977 shares of the financial services provider’s stock worth $19,430,000 after buying an additional 230,210 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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