The Simply Good Foods (NASDAQ:SMPL) Releases FY 2021 Pre-Market Earnings Guidance


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The Simply Good Foods (NASDAQ:SMPL) updated its FY 2021
Pre-Market earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.07-1.11 for the period, compared to the Thomson Reuters consensus estimate of $1.03. The company issued revenue guidance of $930-940 million, compared to the consensus revenue estimate of $928.73 million.The Simply Good Foods also updated its FY21 guidance to $1.07-1.11 EPS.

A number of research firms have recently commented on SMPL. Deutsche Bank Aktiengesellschaft upped their target price on The Simply Good Foods from $27.00 to $34.00 and gave the company a buy rating in a research note on Thursday, January 7th. Smith Barney Citigroup upped their target price on The Simply Good Foods from $29.00 to $35.00 in a research note on Thursday, January 7th. Zacks Investment Research cut The Simply Good Foods from a hold rating to a strong sell rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on The Simply Good Foods from $29.00 to $34.00 and gave the company a conviction-buy rating in a research note on Thursday, December 24th. Finally, DA Davidson cut The Simply Good Foods from a buy rating to a neutral rating and upped their target price for the company from $25.00 to $33.00 in a research note on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The Simply Good Foods presently has an average rating of Buy and an average price target of $31.71.

Shares of NASDAQ:SMPL opened at $31.48 on Thursday. The Simply Good Foods has a 52-week low of $15.65 and a 52-week high of $35.25. The stock has a market cap of $3.01 billion, a P/E ratio of 49.97 and a beta of 0.98. The business’s 50 day moving average is $30.60 and its 200 day moving average is $26.39. The company has a quick ratio of 2.69, a current ratio of 3.70 and a debt-to-equity ratio of 0.46.

The Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Tuesday, April 6th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $230.60 million for the quarter, compared to analysts’ expectations of $230.03 million. The Simply Good Foods had a return on equity of 7.36% and a net margin of 6.92%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, sell-side analysts anticipate that The Simply Good Foods will post 1 EPS for the current fiscal year.

About The Simply Good Foods

The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.

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

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