Wall Street analysts predict that SpartanNash (NASDAQ:SPTN) will report $2.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for SpartanNash’s earnings, with the highest sales estimate coming in at $2.06 billion and the lowest estimate coming in at $2.05 billion. SpartanNash posted sales of $2.25 billion during the same quarter last year, which suggests a negative year over year growth rate of 8.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 23rd.
According to Zacks, analysts expect that SpartanNash will report full year sales of $8.88 billion for the current financial year, with estimates ranging from $8.88 billion to $8.89 billion. For the next year, analysts expect that the company will post sales of $8.98 billion, with estimates ranging from $8.94 billion to $9.01 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover SpartanNash.
SpartanNash (NASDAQ:SPTN) last posted its quarterly earnings data on Wednesday, November 10th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. SpartanNash had a net margin of 0.70% and a return on equity of 9.33%. The company had revenue of $2.07 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company posted $0.70 earnings per share.
In other SpartanNash news, EVP Kathleen M. Mahoney sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $21.37, for a total value of $256,440.00. Following the transaction, the executive vice president now directly owns 74,600 shares of the company’s stock, valued at $1,594,202. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Eaton Vance Management bought a new position in shares of SpartanNash during the first quarter valued at about $31,000. Total Clarity Wealth Management Inc. bought a new position in shares of SpartanNash during the third quarter valued at about $31,000. McIlrath & Eck LLC bought a new position in shares of SpartanNash during the second quarter valued at about $54,000. Ameritas Investment Company LLC bought a new position in shares of SpartanNash during the first quarter valued at about $72,000. Finally, Islay Capital Management LLC bought a new position in shares of SpartanNash during the second quarter valued at about $95,000. 80.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SPTN traded down $0.27 during trading hours on Thursday, hitting $25.01. 174,403 shares of the stock were exchanged, compared to its average volume of 316,974. SpartanNash has a fifty-two week low of $16.71 and a fifty-two week high of $26.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.70. The business has a 50-day moving average of $23.10 and a 200-day moving average of $21.09. The firm has a market capitalization of $898.96 million, a P/E ratio of 14.13 and a beta of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Friday, December 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 9th. SpartanNash’s dividend payout ratio is presently 45.20%.
SpartanNash Co engages in the distribution of grocery products to military commissaries in the U.S. It operates through the following segments: Military, Food Distribution and Retail. The Military segment sells and distributes grocery products primarily to U.S. military commissaries and exchanges. The Food Distribution segment distributes groceries to independent and corporate owned grocery retailers using multi-platform sales approach.
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