SuperValu Inc. (NYSE:SVU) – Stock analysts at Northcoast Research dropped their Q2 2017 earnings per share estimates for SuperValu in a research note issued on Friday. Northcoast Research analyst C. Cerankosky now anticipates that the brokerage will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.13. Northcoast Research also issued estimates for SuperValu’s Q3 2017 earnings at $0.15 EPS, Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $0.73 EPS.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank AG set a $5.00 target price on shares of SuperValu and gave the stock a “hold” rating in a research note on Monday, September 12th. RBC Capital Markets restated a “sector perform” rating and set a $6.00 target price (down previously from $7.00) on shares of SuperValu in a research note on Friday, September 9th. Royal Bank Of Canada decreased their target price on shares of SuperValu from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Friday, September 9th. Telsey Advisory Group decreased their target price on shares of SuperValu from $6.50 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, September 9th. Finally, Zacks Investment Research cut shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.97.
Shares of SuperValu (NYSE:SVU) opened at 4.59 on Monday. The stock has a 50 day moving average of $5.08 and a 200-day moving average of $5.05. The stock has a market cap of $1.22 billion, a PE ratio of 7.70 and a beta of 1.93. SuperValu has a 52 week low of $3.94 and a 52 week high of $7.84.
SuperValu (NYSE:SVU) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. SuperValu had a net margin of 0.94% and a negative return on equity of 43.67%. The business earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the company posted $0.23 EPS. SuperValu’s revenue for the quarter was down 3.9% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp raised its position in SuperValu by 6.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,481 shares of the company’s stock worth $101,000 after buying an additional 1,387 shares during the period. Oakbrook Investments LLC raised its position in SuperValu by 6.9% in the second quarter. Oakbrook Investments LLC now owns 21,700 shares of the company’s stock worth $102,000 after buying an additional 1,400 shares during the period. KCG Holdings Inc. raised its position in SuperValu by 21.9% in the second quarter. KCG Holdings Inc. now owns 23,493 shares of the company’s stock worth $111,000 after buying an additional 4,227 shares during the period. Commonwealth Equity Services Inc raised its position in SuperValu by 30.4% in the second quarter. Commonwealth Equity Services Inc now owns 23,934 shares of the company’s stock worth $113,000 after buying an additional 5,576 shares during the period. Finally, Acrospire Investment Management LLC acquired a new position in SuperValu during the first quarter worth $140,000. 82.19% of the stock is owned by hedge funds and other institutional investors.
SUPERVALU INC. is a wholesale distributor to independent retail customers across the United States. The Company operates through three segments: Wholesale, Save-A-Lot and Retail. The Wholesale segment spans approximately 40 states and serves as a primary grocery supplier to approximately 1,800 stores of independent retail customers, in addition to its own Retail stores, as well as serving as a secondary grocery supplier to approximately 230 stores of independent retail customers.
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