SpartanNash (NASDAQ:SPTN) Issues FY19 Earnings Guidance

SpartanNash (NASDAQ:SPTN) updated its FY19 earnings guidance on Wednesday. The company provided EPS guidance of $1.20-1.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.27. SpartanNash also updated its FY 2019 guidance to $1.20-1.35 EPS.

Several analysts have issued reports on the stock. Barclays cut their target price on shares of SpartanNash from $13.00 to $8.00 and set an underweight rating on the stock in a research note on Tuesday. ValuEngine raised shares of SpartanNash from a strong sell rating to a sell rating in a research note on Thursday, August 1st. BMO Capital Markets downgraded shares of SpartanNash from a market perform rating to an underperform rating and cut their target price for the company from $13.00 to $8.00 in a research note on Friday, August 2nd. Loop Capital assumed coverage on shares of SpartanNash in a research note on Tuesday, June 25th. They set a buy rating and a $15.00 target price on the stock. Finally, Pivotal Research cut their target price on shares of SpartanNash from $12.00 to $10.00 and set a sell rating on the stock in a research note on Tuesday, June 11th. Six analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. SpartanNash has an average rating of Hold and an average price target of $14.33.

Shares of SpartanNash stock traded down $0.47 on Wednesday, hitting $8.94. 433,185 shares of the company traded hands, compared to its average volume of 273,219. The stock’s 50-day moving average is $11.04. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.82 and a current ratio of 1.90. SpartanNash has a 12-month low of $8.82 and a 12-month high of $24.11. The company has a market cap of $324.65 million, a P/E ratio of 4.78, a PEG ratio of 1.07 and a beta of 1.37.



SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.23 by $0.01. SpartanNash had a net margin of 0.35% and a return on equity of 7.77%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company posted $0.55 EPS. SpartanNash’s revenue was up 6.6% on a year-over-year basis. Equities analysts expect that SpartanNash will post 1.33 EPS for the current fiscal year.

About SpartanNash

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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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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