Simply Good Foods Co (SMPL) Expected to Announce Earnings of $0.14 Per Share

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Equities analysts forecast that Simply Good Foods Co (NASDAQ:SMPL) will report earnings of $0.14 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Simply Good Foods’ earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.14. Simply Good Foods posted earnings per share of $0.20 during the same quarter last year, which would suggest a negative year-over-year growth rate of 30%. The company is expected to issue its next earnings results on Tuesday, April 9th.

On average, analysts expect that Simply Good Foods will report full year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.64. For the next year, analysts anticipate that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.63 to $0.73. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Thursday, January 3rd. The financial services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $121.00 million during the quarter, compared to analysts’ expectations of $122.38 million. Simply Good Foods had a net margin of 16.94% and a return on equity of 6.99%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Saturday, January 5th. CL King assumed coverage on shares of Simply Good Foods in a research note on Monday, November 19th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Simply Good Foods from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $20.20.

Several hedge funds have recently bought and sold shares of SMPL. Legal & General Group Plc grew its stake in shares of Simply Good Foods by 10.6% during the 4th quarter. Legal & General Group Plc now owns 10,953 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,046 shares during the period. Citigroup Inc. increased its holdings in Simply Good Foods by 17.6% during the 4th quarter. Citigroup Inc. now owns 19,548 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 2,927 shares during the period. Bank of America Corp DE increased its holdings in Simply Good Foods by 24.4% during the 2nd quarter. Bank of America Corp DE now owns 16,619 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 3,260 shares during the period. First Quadrant L P CA purchased a new stake in Simply Good Foods during the 4th quarter worth about $73,000. Finally, Teachers Advisors LLC increased its holdings in Simply Good Foods by 4.0% during the 3rd quarter. Teachers Advisors LLC now owns 118,414 shares of the financial services provider’s stock worth $2,303,000 after purchasing an additional 4,572 shares during the period. 85.00% of the stock is currently owned by hedge funds and other institutional investors.

SMPL traded up $0.40 on Friday, reaching $20.34. The company had a trading volume of 9,641 shares, compared to its average volume of 427,655. The company has a market capitalization of $1.64 billion, a P/E ratio of 34.95 and a beta of 0.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 9.17 and a quick ratio of 8.00. Simply Good Foods has a 52-week low of $12.14 and a 52-week high of $21.36.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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