SpartanNash (NASDAQ:SPTN) is scheduled to be announcing its Q1 earnings results before the market opens on Monday, May 20th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. SpartanNash has set its Q1 guidance at $0.18-0.22 EPS and its FY19 guidance at $1.70-1.80 EPS.Investors interested in listening to the company’s conference call can do so using this link.
SpartanNash (NASDAQ:SPTN) last issued its quarterly earnings results on Wednesday, February 20th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.93 billion. SpartanNash had a net margin of 0.42% and a return on equity of 9.31%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. On average, analysts expect SpartanNash to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of SPTN opened at $14.91 on Friday. The stock has a market capitalization of $536.01 million, a P/E ratio of 7.97, a price-to-earnings-growth ratio of 1.67 and a beta of 1.19. SpartanNash has a one year low of $14.33 and a one year high of $26.99. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 0.95.
A number of research analysts recently commented on SPTN shares. BidaskClub raised SpartanNash from a “buy” rating to a “strong-buy” rating in a report on Friday, February 15th. ValuEngine downgraded SpartanNash from a “sell” rating to a “strong sell” rating in a report on Friday, February 22nd. Barclays downgraded SpartanNash from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 12th. Zacks Investment Research downgraded SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Finally, Pivotal Research reissued a “sell” rating and issued a $12.00 price target (down previously from $14.00) on shares of SpartanNash in a report on Thursday, February 21st. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. SpartanNash currently has a consensus rating of “Hold” and a consensus price target of $21.33.
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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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
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