$0.17 Earnings Per Share Expected for Smart & Final Stores Inc (SFS) This Quarter

Equities analysts predict that Smart & Final Stores Inc (NYSE:SFS) will report $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Smart & Final Stores’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.19. Smart & Final Stores also posted earnings of $0.17 per share during the same quarter last year. The firm is scheduled to report its next earnings report on Wednesday, November 21st.

On average, analysts expect that Smart & Final Stores will report full year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.46. For the next financial year, analysts forecast that the company will post earnings of $0.46 per share, with EPS estimates ranging from $0.40 to $0.52. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last released its earnings results on Wednesday, July 25th. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS.

Several brokerages recently issued reports on SFS. Morgan Stanley reduced their price objective on Smart & Final Stores from $7.50 to $7.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 2nd. ValuEngine cut Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 17th. Credit Suisse Group set a $6.00 price objective on Smart & Final Stores and gave the stock a “hold” rating in a research note on Thursday, May 3rd. Citigroup reduced their price objective on Smart & Final Stores from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, May 4th. Finally, Zacks Investment Research upgraded Smart & Final Stores from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research note on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.69.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Smart & Final Stores in the first quarter worth $111,000. Globeflex Capital L P acquired a new stake in Smart & Final Stores in the second quarter worth $119,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Smart & Final Stores in the second quarter worth $168,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Smart & Final Stores in the second quarter worth $257,000. Finally, Engineers Gate Manager LP increased its position in Smart & Final Stores by 33.0% in the second quarter. Engineers Gate Manager LP now owns 54,115 shares of the company’s stock worth $300,000 after buying an additional 13,424 shares during the period. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Smart & Final Stores stock traded down $0.05 on Monday, hitting $6.95. 11,568 shares of the company’s stock traded hands, compared to its average volume of 376,097. The stock has a market cap of $531.43 million, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 2.19 and a beta of 1.15. The company has a current ratio of 0.97, a quick ratio of 0.30 and a debt-to-equity ratio of 1.52. Smart & Final Stores has a 52-week low of $4.45 and a 52-week high of $10.00.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

Recommended Story: Short Selling Stocks and Day Traders

Get a free copy of the Zacks research report on Smart & Final Stores (SFS)

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

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

Leave a Reply