Sprouts Farmers Market (SFM) Expected to Announce Earnings of $0.33 Per Share

Wall Street brokerages predict that Sprouts Farmers Market (NASDAQ:SFM) will report earnings per share (EPS) of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sprouts Farmers Market’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.35. Sprouts Farmers Market posted earnings of $0.29 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is scheduled to report its next earnings report on Thursday, August 2nd.

On average, analysts expect that Sprouts Farmers Market will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.30. For the next financial year, analysts anticipate that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.32 to $1.47. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sprouts Farmers Market had a return on equity of 24.93% and a net margin of 3.71%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share.

A number of research analysts have issued reports on the company. Gordon Haskett raised Sprouts Farmers Market from an “accumulate” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, January 31st. BMO Capital Markets set a $23.00 target price on Sprouts Farmers Market and gave the company a “hold” rating in a research note on Friday, May 4th. ValuEngine cut Sprouts Farmers Market from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Zacks Investment Research cut Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley decreased their target price on Sprouts Farmers Market from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.39.

In related news, insider Theodore Edward Frumkin II sold 1,722 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $25.24, for a total transaction of $43,463.28. Following the completion of the transaction, the insider now directly owns 37,125 shares of the company’s stock, valued at $937,035. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Shawn R. Gensch sold 997 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $25.24, for a total value of $25,164.28. Following the transaction, the chief marketing officer now directly owns 26,423 shares of the company’s stock, valued at $666,916.52. The disclosure for this sale can be found here. Insiders have sold 222,474 shares of company stock valued at $5,559,885 over the last ninety days. 1.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quad Capital Management Advisors LLC acquired a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $365,000. Clark Capital Management Group Inc. acquired a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $2,557,000. LPL Financial LLC boosted its position in Sprouts Farmers Market by 13.8% during the fourth quarter. LPL Financial LLC now owns 46,302 shares of the company’s stock valued at $1,127,000 after purchasing an additional 5,603 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Sprouts Farmers Market by 48.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 20,910 shares of the company’s stock valued at $509,000 after purchasing an additional 6,780 shares during the last quarter. Finally, Shaker Investments LLC OH acquired a new position in Sprouts Farmers Market during the fourth quarter valued at approximately $1,311,000. 93.97% of the stock is owned by hedge funds and other institutional investors.

Sprouts Farmers Market opened at $22.30 on Friday, according to Marketbeat. The stock has a market capitalization of $2.90 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.39 and a beta of 0.88. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. Sprouts Farmers Market has a 12 month low of $21.97 and a 12 month high of $23.11.

Sprouts Farmers Market declared that its board has authorized a stock repurchase program on Thursday, February 22nd that permits the company to buyback $350.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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