Sprouts Farmers Market (NASDAQ:SFM) will post its quarterly earnings results before the market opens on Thursday, November 1st. Analysts expect Sprouts Farmers Market to post earnings of $0.26 per share for the quarter.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Sprouts Farmers Market had a return on equity of 25.56% and a net margin of 3.62%. The company’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, analysts expect Sprouts Farmers Market to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ SFM opened at $27.62 on Wednesday. The firm has a market cap of $3.43 billion, a PE ratio of 27.35, a PEG ratio of 1.72 and a beta of 0.82. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 0.96. Sprouts Farmers Market has a 1-year low of $18.34 and a 1-year high of $29.67.
Several equities analysts have recently weighed in on the company. Morgan Stanley set a $26.00 price target on Sprouts Farmers Market and gave the company a “hold” rating in a report on Monday, October 22nd. Zacks Investment Research raised Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, October 8th. Wells Fargo & Co cut Sprouts Farmers Market from an “outperform” rating to a “market perform” rating and set a $26.00 target price on the stock. in a report on Monday, September 24th. Oppenheimer raised their target price on Sprouts Farmers Market from $25.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. Finally, BidaskClub cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a report on Friday, September 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. Sprouts Farmers Market presently has a consensus rating of “Hold” and a consensus target price of $27.22.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.
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