Zacks: Analysts Expect Simply Good Foods Co (SMPL) to Announce $0.18 EPS

Analysts expect that Simply Good Foods Co (NASDAQ:SMPL) will post earnings per share of $0.18 for the current quarter, Zacks reports. Three analysts have provided estimates for Simply Good Foods’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.19. Simply Good Foods posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The firm is expected to issue its next earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Simply Good Foods will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.59. For the next financial year, analysts forecast that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.60 to $0.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last posted its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The firm had revenue of $108.30 million during the quarter, compared to the consensus estimate of $111.25 million. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS.



A number of analysts have issued reports on SMPL shares. Zacks Investment Research downgraded shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. SunTrust Banks boosted their price objective on shares of Simply Good Foods to $20.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Buckingham Research started coverage on shares of Simply Good Foods in a report on Wednesday, October 17th. They issued a “buy” rating and a $22.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Finally, Consumer Edge started coverage on shares of Simply Good Foods in a report on Monday, July 2nd. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Simply Good Foods has a consensus rating of “Buy” and a consensus target price of $18.33.

NASDAQ SMPL traded down $0.68 during trading on Friday, reaching $17.06. The company’s stock had a trading volume of 56,894 shares, compared to its average volume of 590,147. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.88 and a quick ratio of 5.01. Simply Good Foods has a 12 month low of $11.01 and a 12 month high of $19.84.

Several large investors have recently modified their holdings of SMPL. Bank of Montreal Can acquired a new position in shares of Simply Good Foods in the 2nd quarter valued at approximately $124,000. Cubist Systematic Strategies LLC acquired a new position in shares of Simply Good Foods in the 1st quarter valued at approximately $143,000. Legal & General Group Plc raised its position in shares of Simply Good Foods by 979.2% in the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after buying an additional 8,989 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of Simply Good Foods in the 1st quarter valued at approximately $162,000. Finally, SG Americas Securities LLC acquired a new position in shares of Simply Good Foods in the 2nd quarter valued at approximately $179,000. Institutional investors own 91.85% of the company’s stock.

About Simply Good Foods

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

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