SpartanNash (NASDAQ:SPTN) Expected to Post Earnings of $0.58 Per Share

Wall Street brokerages predict that SpartanNash (NASDAQ:SPTNGet Rating) will announce earnings of $0.58 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for SpartanNash’s earnings, with estimates ranging from $0.55 to $0.62. SpartanNash posted earnings of $0.54 per share in the same quarter last year, which would suggest a positive year over year growth rate of 7.4%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that SpartanNash will report full-year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.19 to $2.34. For the next financial year, analysts anticipate that the business will post earnings of $2.58 per share, with EPS estimates ranging from $2.45 to $2.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover SpartanNash.

SpartanNash (NASDAQ:SPTNGet Rating) last issued its earnings results on Thursday, June 2nd. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.64 by $0.19. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.77 billion. SpartanNash had a return on equity of 9.21% and a net margin of 0.81%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS.

Several analysts recently issued reports on the company. CL King assumed coverage on SpartanNash in a report on Monday, March 21st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded SpartanNash from a “buy” rating to a “hold” rating in a report on Saturday, May 21st. Deutsche Bank Aktiengesellschaft raised their price target on SpartanNash from $25.00 to $26.00 in a report on Friday, June 3rd. StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a research note on Friday, June 3rd. Finally, BMO Capital Markets lifted their target price on SpartanNash from $24.00 to $29.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, SpartanNash has a consensus rating of “Hold” and a consensus target price of $27.88.

Several hedge funds have recently modified their holdings of the company. Eaton Vance Management increased its position in shares of SpartanNash by 4.3% during the 3rd quarter. Eaton Vance Management now owns 10,360 shares of the company’s stock valued at $31,000 after purchasing an additional 423 shares during the period. Commonwealth Equity Services LLC increased its position in shares of SpartanNash by 2.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 21,556 shares of the company’s stock valued at $711,000 after purchasing an additional 494 shares during the period. US Bancorp DE increased its position in shares of SpartanNash by 10.7% during the 1st quarter. US Bancorp DE now owns 5,275 shares of the company’s stock valued at $174,000 after purchasing an additional 508 shares during the period. MBM Wealth Consultants LLC increased its position in shares of SpartanNash by 33.7% during the 4th 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 during the period. Finally, Burney Co. increased its position in shares of SpartanNash by 1.2% during the 1st quarter. Burney Co. now owns 45,695 shares of the company’s stock valued at $1,507,000 after purchasing an additional 546 shares during the period. Institutional investors own 79.36% of the company’s stock.

Shares of NASDAQ SPTN opened at $34.04 on Thursday. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 16.69 and a beta of 0.64. SpartanNash has a 12-month low of $18.08 and a 12-month high of $37.48. The company has a current ratio of 1.56, a quick ratio of 0.72 and a debt-to-equity ratio of 0.56. The stock’s 50 day simple moving average is $33.95 and its 200 day simple moving average is $29.51.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Tuesday, June 14th. SpartanNash’s payout ratio is currently 41.18%.

About SpartanNash (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.

Read More

Get a free copy of the Zacks research report on SpartanNash (SPTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

Receive News & Ratings for SpartanNash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SpartanNash and related companies with MarketBeat.com's FREE daily email newsletter.