$2.05 Billion in Sales Expected for SpartanNash (NASDAQ:SPTN) This Quarter

Equities research analysts expect SpartanNash (NASDAQ:SPTN) to report $2.05 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for SpartanNash’s earnings, with the lowest sales estimate coming in at $2.05 billion and the highest estimate coming in at $2.06 billion. SpartanNash reported sales of $2.25 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 8.9%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 23rd.

On average, analysts expect that SpartanNash will report full-year sales of $8.88 billion for the current fiscal year, with estimates ranging from $8.88 billion to $8.89 billion. For the next fiscal 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 sell-side research analysts that cover SpartanNash.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings results on Wednesday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 earned $0.70 earnings per share.

A number of equities research analysts have issued reports on SPTN shares. Northcoast Research cut shares of SpartanNash from a “buy” rating to a “neutral” rating and set a $16.50 price target for the company. in a report on Monday, November 15th. Zacks Investment Research cut shares of SpartanNash from a “hold” rating to a “sell” rating in a report on Tuesday, November 16th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of SpartanNash from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, November 12th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.50.

SPTN stock traded down $0.27 during mid-day trading on Thursday, reaching $25.01. 174,403 shares of the stock traded hands, compared to its average volume of 316,974. The company has a quick ratio of 0.70, a current ratio of 1.43 and a debt-to-equity ratio of 0.52. SpartanNash has a 52 week low of $16.71 and a 52 week high of $26.14. The business has a 50-day moving average of $23.10 and a two-hundred day moving average of $21.09. The firm has a market capitalization of $898.96 million, a PE 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, December 9th. SpartanNash’s payout ratio is presently 45.20%.

In related news, EVP Kathleen M. Mahoney sold 12,000 shares of the stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $21.37, for a total value of $256,440.00. Following the completion of the sale, the executive vice president now owns 74,600 shares in the company, valued at $1,594,202. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. bought a new position in SpartanNash during the third quarter worth about $31,000. Eaton Vance Management bought a new position in SpartanNash during the first quarter worth about $31,000. McIlrath & Eck LLC bought a new position in SpartanNash during the second quarter worth about $54,000. Ameritas Investment Company LLC bought a new position in SpartanNash during the first quarter worth about $72,000. Finally, Islay Capital Management LLC bought a new position in SpartanNash during the second quarter worth about $95,000. Hedge funds and other institutional investors own 80.02% of the company’s stock.

SpartanNash Company Profile

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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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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