Simply Good Foods (NASDAQ:SMPL – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02, Briefing.com reports. The company had revenue of $334.80 million during the quarter, compared to analyst estimates of $337.66 million. Simply Good Foods had a net margin of 11.49% and a return on equity of 10.28%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Simply Good Foods updated its FY 2024 guidance to EPS.
Simply Good Foods Price Performance
Shares of Simply Good Foods stock traded up $0.44 on Friday, reaching $36.13. The stock had a trading volume of 1,687,447 shares, compared to its average volume of 695,687. Simply Good Foods has a 1 year low of $30.00 and a 1 year high of $43.00. The company has a market cap of $3.61 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 2.12 and a beta of 0.65. The company has a current ratio of 5.19, a quick ratio of 3.09 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $36.71 and its two-hundred day moving average is $36.61.
Insider Transactions at Simply Good Foods
In other news, Director James D. White sold 4,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $38.17, for a total value of $152,680.00. Following the sale, the director now directly owns 17,027 shares of the company’s stock, valued at $649,920.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.98% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on SMPL
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 protein bars, ready-to-drink shakes, sweet and salty snacks, cookies, protein chips, and recipes under the Atkins and Quest brand names.
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