Brokerages forecast that SpartanNash Co (NASDAQ:SPTN) will report $0.35 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for SpartanNash’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.37. SpartanNash posted earnings per share of $0.50 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, August 14th.
According to Zacks, analysts expect that SpartanNash will report full year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.44. For the next year, analysts expect that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.39 to $1.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow SpartanNash.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Monday, May 20th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.51 billion. SpartanNash had a return on equity of 7.77% and a net margin of 0.35%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.55 earnings per share.
Several equities research analysts have recently weighed in on the company. Pivotal Research decreased their price target on SpartanNash from $12.00 to $10.00 and set a “sell” rating for the company in a research note on Tuesday, June 11th. ValuEngine raised SpartanNash from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research cut SpartanNash from a “hold” rating to a “sell” rating in a research note on Tuesday, May 7th. Loop Capital assumed coverage on SpartanNash in a research note on Tuesday, June 25th. They issued a “buy” rating and a $15.00 price target for the company. Finally, BidaskClub raised SpartanNash from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. SpartanNash currently has a consensus rating of “Hold” and a consensus price target of $14.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in SpartanNash during the fourth quarter worth approximately $13,997,000. Northern Trust Corp grew its stake in SpartanNash by 0.9% during the second quarter. Northern Trust Corp now owns 530,166 shares of the company’s stock worth $6,187,000 after purchasing an additional 4,940 shares during the period. Renaissance Technologies LLC grew its stake in SpartanNash by 115.1% during the second quarter. Renaissance Technologies LLC now owns 411,678 shares of the company’s stock worth $4,804,000 after purchasing an additional 220,266 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in SpartanNash by 19.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 370,708 shares of the company’s stock worth $4,326,000 after purchasing an additional 59,504 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in SpartanNash by 5.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 345,146 shares of the company’s stock worth $4,028,000 after purchasing an additional 18,253 shares during the period. 84.63% of the stock is owned by institutional investors and hedge funds.
Shares of SPTN stock traded down $0.04 on Thursday, hitting $9.41. The company had a trading volume of 12,363 shares, compared to its average volume of 384,251. The stock has a market cap of $362.05 million, a price-to-earnings ratio of 5.05, a P/E/G ratio of 1.07 and a beta of 1.37. The company’s 50-day moving average price is $11.11. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.82 and a current ratio of 1.90. SpartanNash has a twelve month low of $9.00 and a twelve month high of $24.31.
SpartanNash Company Profile
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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