Wall Street brokerages predict that SpartanNash Company (NASDAQ:SPTN) will post earnings per share of $0.60 for the current fiscal quarter, according to Zacks. Two analysts have provided 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 of $0.58 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to announce its next quarterly earnings report on Wednesday, August 16th.
According to Zacks, 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 financial year, analysts expect that the business will report earnings of $2.47 per share, with EPS estimates ranging from $2.39 to $2.58. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover SpartanNash Company.
SpartanNash Company (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, May 24th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.46 billion. SpartanNash Company had a net margin of 0.79% and a return on equity of 10.03%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share.
Several research firms have recently weighed in on SPTN. BidaskClub lowered shares of SpartanNash Company from a “hold” rating to a “sell” rating in a research note on Monday. Jefferies Group LLC set a $35.00 price objective on shares of SpartanNash Company and gave the company a “hold” rating in a research note on Wednesday, June 14th. ValuEngine lowered shares of SpartanNash Company from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of SpartanNash Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 27th. Finally, Pivotal Research lowered their price objective 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.00.
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In other SpartanNash Company news, insider Theodore Adornato sold 1,182 shares of the business’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $36.86, for a total transaction of $43,568.52. Following the completion of the sale, the insider now owns 51,256 shares in the company, valued at approximately $1,889,296.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Staples sold 3,453 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $34.69, for a total transaction of $119,784.57. Following the sale, the insider now 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 a total of 71,816 shares of company stock valued at $2,499,732 in the last 90 days. 3.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in shares of SpartanNash Company by 3.5% in the fourth quarter. Public Sector Pension Investment Board now owns 26,744 shares of the company’s stock worth $1,057,000 after buying an additional 900 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of SpartanNash Company during the fourth quarter worth approximately $292,000. Menta Capital LLC raised its stake in shares of SpartanNash Company by 256.2% in the fourth quarter. Menta Capital LLC now owns 65,532 shares of the company’s stock worth $2,591,000 after buying an additional 47,133 shares during the period. Elkfork Partners LLC acquired a new stake in shares of SpartanNash Company during the fourth quarter worth approximately $141,000. Finally, Gabelli Funds LLC acquired a new stake in shares of SpartanNash Company during the fourth quarter worth approximately $237,000. Institutional investors and hedge funds own 88.30% of the company’s stock.
SpartanNash Company (NASDAQ SPTN) traded down 3.74% on Thursday, hitting $26.50. 126,953 shares of the stock traded hands. SpartanNash Company has a 1-year low of $26.25 and a 1-year high of $40.38. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 16.10 and a beta of 1.00. The stock has a 50-day moving average price of $33.32 and a 200 day moving average price of $35.86.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.66 dividend on an annualized basis and a yield of 2.40%. SpartanNash Company’s dividend payout ratio (DPR) is presently 40.00%.
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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