-$0.07 EPS Expected for Smart & Final (SFS) This Quarter

Equities analysts forecast that Smart & Final (NYSE:SFS) will announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Smart & Final’s earnings, with estimates ranging from ($0.08) to ($0.05). Smart & Final reported earnings of ($0.02) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 250%. The firm is scheduled to announce its next earnings report on Wednesday, May 2nd.

According to Zacks, analysts expect that Smart & Final will report full year earnings of $0.44 per share for the current year, with EPS estimates ranging from $0.42 to $0.47. For the next year, analysts forecast that the firm will report earnings of $0.48 per share, with EPS estimates ranging from $0.37 to $0.58. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Smart & Final.

Smart & Final (NYSE:SFS) last released its earnings results on Wednesday, March 14th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Smart & Final had a negative net margin of 3.04% and a positive return on equity of 5.12%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year.



A number of research firms have recently issued reports on SFS. Zacks Investment Research lowered shares of Smart & Final from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Loop Capital lowered shares of Smart & Final from a “buy” rating to a “hold” rating and dropped their target price for the stock from $11.00 to $8.00 in a report on Thursday, March 15th. TheStreet lowered shares of Smart & Final from a “c” rating to a “d+” rating in a report on Wednesday, March 14th. Morgan Stanley dropped their target price on shares of Smart & Final from $8.00 to $7.50 and set an “underweight” rating for the company in a report on Thursday, March 15th. Finally, Barclays lowered shares of Smart & Final from an “overweight” rating to an “equal weight” rating in a report on Friday, March 16th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $10.31.

In related news, EVP Scott R. Drew sold 36,560 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 9.63% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of Smart & Final by 20.0% in the fourth quarter. Millennium Management LLC now owns 1,103,237 shares of the company’s stock valued at $9,433,000 after purchasing an additional 184,001 shares during the period. Teachers Advisors LLC grew its holdings in shares of Smart & Final by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 72,361 shares of the company’s stock valued at $619,000 after purchasing an additional 5,899 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in shares of Smart & Final in the fourth quarter valued at about $639,000. Deutsche Bank AG grew its holdings in shares of Smart & Final by 285.5% in the fourth quarter. Deutsche Bank AG now owns 82,062 shares of the company’s stock valued at $701,000 after purchasing an additional 60,777 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Smart & Final by 12.4% in the fourth quarter. Franklin Resources Inc. now owns 4,061,674 shares of the company’s stock valued at $34,727,000 after purchasing an additional 448,664 shares during the period.

Smart & Final stock opened at $5.25 on Tuesday. Smart & Final has a 52-week low of $5.05 and a 52-week high of $13.95. The firm has a market cap of $380.79, a PE ratio of 15.44, a price-to-earnings-growth ratio of 3.92 and a beta of 1.17. The company has a quick ratio of 0.34, a current ratio of 0.97 and a debt-to-equity ratio of 1.53.

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Smart & Final Company Profile

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

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