Equities analysts expect The Simply Good Foods Company (NASDAQ:SMPL – Get Rating) to report earnings per share of $0.37 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Simply Good Foods’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.43. Simply Good Foods posted earnings per share of $0.43 during the same quarter last year, which would indicate a negative year over year growth rate of 14%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Simply Good Foods will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.40 to $1.54. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.55 to $1.72. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL – Get Rating) last issued its quarterly earnings results on Wednesday, April 6th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.09. The firm had revenue of $296.70 million for the quarter, compared to analyst estimates of $274.92 million. Simply Good Foods had a return on equity of 11.86% and a net margin of 5.68%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of SMPL. Norges Bank purchased a new position in shares of Simply Good Foods during the 4th quarter valued at $32,035,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Simply Good Foods during the 4th quarter valued at $15,836,000. Capital World Investors lifted its position in shares of Simply Good Foods by 7.5% during the 4th quarter. Capital World Investors now owns 5,324,500 shares of the financial services provider’s stock valued at $221,339,000 after buying an additional 373,500 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Simply Good Foods by 46.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 799,577 shares of the financial services provider’s stock valued at $27,577,000 after buying an additional 254,675 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Simply Good Foods by 35.4% during the 4th quarter. Principal Financial Group Inc. now owns 885,840 shares of the financial services provider’s stock valued at $36,824,000 after buying an additional 231,414 shares during the last quarter. 89.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ SMPL traded up $1.38 during midday trading on Friday, hitting $43.47. 1,162,339 shares of the stock traded hands, compared to its average volume of 690,968. The company has a market cap of $4.36 billion, a PE ratio of 66.88 and a beta of 1.06. Simply Good Foods has a one year low of $31.09 and a one year high of $43.85. The business has a 50 day moving average price of $38.32 and a two-hundred day moving average price of $38.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.00 and a current ratio of 3.12.
Simply Good Foods Company Profile (Get Rating)
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, 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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