Zacks: Brokerages Expect SpartanNash (NASDAQ:SPTN) Will Post Quarterly Sales of $2.77 Billion

Analysts expect SpartanNash (NASDAQ:SPTNGet Rating) to report sales of $2.77 billion for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for SpartanNash’s earnings, with estimates ranging from $2.76 billion to $2.77 billion. SpartanNash reported sales of $2.66 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The company is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that SpartanNash will report full-year sales of $9.06 billion for the current year, with estimates ranging from $8.93 billion to $9.20 billion. For the next financial year, analysts expect that the firm will report sales of $9.20 billion, with estimates ranging from $9.11 billion to $9.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow SpartanNash.

SpartanNash (NASDAQ:SPTNGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.06). The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.08 billion. SpartanNash had a net margin of 0.83% and a return on equity of 7.99%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS.

A number of research analysts have recently weighed in on SPTN shares. CL King assumed coverage on SpartanNash in a research note on Monday, March 21st. They issued a “buy” rating on the stock. Zacks Investment Research raised SpartanNash from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Wednesday, March 23rd. Finally, downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $26.83.

NASDAQ SPTN opened at $31.70 on Friday. The stock’s 50-day moving average price is $33.81 and its two-hundred day moving average price is $28.63. The company has a current ratio of 1.46, a quick ratio of 0.66 and a debt-to-equity ratio of 0.51. SpartanNash has a 1 year low of $18.08 and a 1 year high of $37.48. The company has a market cap of $1.15 billion, a PE ratio of 15.46 and a beta of 0.63.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Wednesday, March 16th. This is a positive change from SpartanNash’s previous quarterly dividend of $0.20. SpartanNash’s dividend payout ratio is 40.98%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC boosted its holdings in shares of SpartanNash by 8,400.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the company’s stock worth $42,000 after buying an additional 1,680 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of SpartanNash by 33.7% in the fourth quarter. MBM Wealth Consultants LLC now owns 2,045 shares of the company’s stock valued at $53,000 after purchasing an additional 515 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in SpartanNash during the first quarter worth $100,000. Gladius Capital Management LP bought a new stake in shares of SpartanNash during the fourth quarter worth approximately $79,000. Finally, Reitz Capital Advisors LLC bought a new stake in shares of SpartanNash during the 1st quarter valued at $138,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.

SpartanNash Company Profile (Get Rating)

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 65,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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