The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.08, MarketWatch Earnings reports. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The business had revenue of $231.20 million for the quarter, compared to analyst estimates of $209.65 million. During the same period in the previous year, the business posted $0.22 earnings per share. The business’s revenue was up 51.9% compared to the same quarter last year.
The Simply Good Foods stock traded down $0.32 during trading hours on Thursday, hitting $29.74. 8,717 shares of the company traded hands, compared to its average volume of 1,314,143. The firm has a market cap of $2.85 billion, a P/E ratio of 101.60 and a beta of 0.78. The company has a quick ratio of 2.24, a current ratio of 3.20 and a debt-to-equity ratio of 0.51. The firm’s 50-day simple moving average is $25.80 and its two-hundred day simple moving average is $23.14. The Simply Good Foods has a 1-year low of $14.08 and a 1-year high of $32.03.
In related news, Director Robert G. Montgomery bought 2,000 shares of the stock in a transaction on Monday, November 2nd. The shares were purchased at an average price of $18.98 per share, with a total value of $37,960.00. Following the purchase, the director now owns 54,766 shares in the company, valued at $1,039,458.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.
The Simply Good Foods Company Profile
The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
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