Brokerages Expect SpartanNash Co (SPTN) Will Post Earnings of $0.42 Per Share

Wall Street analysts forecast that SpartanNash Co (NASDAQ:SPTN) will post earnings of $0.42 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for SpartanNash’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.43. SpartanNash posted earnings of $0.53 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 20.8%. The business is expected to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that SpartanNash will report full-year earnings of $2.11 per share for the current year, with EPS estimates ranging from $2.10 to $2.12. For the next financial year, analysts expect that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.09 to $2.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover SpartanNash.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company earned $0.53 EPS. SpartanNash’s revenue for the quarter was up 6.1% on a year-over-year basis.

A number of equities analysts have issued reports on SPTN shares. BidaskClub raised SpartanNash from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. Jefferies Group set a $25.00 target price on SpartanNash and gave the stock a “hold” rating in a report on Monday, September 11th. BMO Capital Markets started coverage on SpartanNash in a report on Tuesday, September 12th. They issued a “market perform” rating and a $25.00 target price for the company. ValuEngine cut SpartanNash from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, TheStreet cut SpartanNash from a “b-” rating to a “c-” rating in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $23.20.

Hedge funds have recently modified their holdings of the company. State Street Corp increased its stake in shares of SpartanNash by 5.6% in the second quarter. State Street Corp now owns 1,065,210 shares of the company’s stock valued at $27,654,000 after buying an additional 56,359 shares during the period. Martin & Co. Inc. TN grew its stake in SpartanNash by 106.3% during the second quarter. Martin & Co. Inc. TN now owns 70,265 shares of the company’s stock worth $1,824,000 after purchasing an additional 36,200 shares during the period. Vanguard Group Inc. grew its stake in SpartanNash by 8.4% during the second quarter. Vanguard Group Inc. now owns 2,757,235 shares of the company’s stock worth $71,578,000 after purchasing an additional 212,923 shares during the period. Northern Trust Corp grew its stake in SpartanNash by 10.0% during the second quarter. Northern Trust Corp now owns 797,462 shares of the company’s stock worth $20,702,000 after purchasing an additional 72,318 shares during the period. Finally, Legal & General Group Plc grew its stake in SpartanNash by 6.9% during the second quarter. Legal & General Group Plc now owns 102,064 shares of the company’s stock worth $2,650,000 after purchasing an additional 6,599 shares during the period. 86.05% of the stock is owned by institutional investors.

Shares of SpartanNash (NASDAQ:SPTN) traded up $0.36 during mid-day trading on Tuesday, hitting $26.59. The company had a trading volume of 106,600 shares, compared to its average volume of 210,243. SpartanNash has a twelve month low of $18.56 and a twelve month high of $40.38. The company has a current ratio of 1.81, a quick ratio of 0.74 and a debt-to-equity ratio of 0.92. The company has a market cap of $983.08, a P/E ratio of -13.16, a P/E/G ratio of 4.20 and a beta of 1.02.

SpartanNash declared that its Board of Directors has initiated a share repurchase program on Thursday, November 16th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a $0.165 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.66 dividend on an annualized basis and a yield of 2.48%. SpartanNash’s payout ratio is presently -32.67%.

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SpartanNash Company Profile

SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.

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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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