Equities analysts predict that SpartanNash (NASDAQ:SPTN) will post sales of $2.41 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SpartanNash’s earnings, with the lowest sales estimate coming in at $2.38 billion and the highest estimate coming in at $2.43 billion. SpartanNash posted sales of $2.40 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that SpartanNash will report full-year sales of $2.41 billion for the current financial year, with estimates ranging from $8.04 billion to $8.25 billion. For the next financial year, analysts expect that the business will post sales of $8.27 billion per share, with estimates ranging from $8.14 billion to $8.40 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover SpartanNash.
SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, February 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). SpartanNash had a positive return on equity of 10.08% and a negative net margin of 0.65%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue was up 5.3% on a year-over-year basis.
SPTN opened at $18.04 on Friday. SpartanNash has a 52-week low of $16.32 and a 52-week high of $37.83. The stock has a market cap of $646.71, a P/E ratio of 8.59, a P/E/G ratio of 1.32 and a beta of 1.10. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.82 and a current ratio of 2.03.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Thursday, March 15th. This is an increase from SpartanNash’s previous quarterly dividend of $0.17. SpartanNash’s payout ratio is 34.29%.
In other SpartanNash news, CFO Mark Shamber purchased 5,500 shares of the stock in a transaction on Friday, March 2nd. The shares were purchased at an average price of $18.24 per share, with a total value of $100,320.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Gotham Asset Management LLC acquired a new position in SpartanNash during the fourth quarter worth approximately $246,000. Ladenburg Thalmann Financial Services Inc. increased its position in SpartanNash by 754.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,474 shares of the company’s stock worth $253,000 after buying an additional 8,365 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in SpartanNash during the fourth quarter worth approximately $334,000. MetLife Investment Advisors LLC acquired a new position in SpartanNash during the fourth quarter worth approximately $451,000. Finally, AMP Capital Investors Ltd acquired a new position in SpartanNash during the fourth quarter worth approximately $469,000. 89.71% of the stock is currently owned by hedge funds and other institutional investors.
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 retail locations, food service distributors, and corporate-owned retail stores.
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