Supervalu (NYSE:SVU) issued its earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.59), Fidelity Earnings reports. Supervalu had a negative return on equity of 3.49% and a negative net margin of 0.12%.
SVU opened at $32.49 on Friday. Supervalu has a 52 week low of $13.60 and a 52 week high of $32.50. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 21.50 and a beta of 1.20. The company has a quick ratio of 0.58, a current ratio of 1.21 and a debt-to-equity ratio of 3.58.
SVU has been the subject of several research reports. ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. Pivotal Research downgraded shares of Supervalu from a “buy” rating to a “hold” rating and increased their price objective for the company from $26.00 to $32.50 in a report on Friday, July 27th. Royal Bank of Canada downgraded shares of Supervalu from an “outperform” rating to a “hold” rating and set a $33.00 price objective for the company. in a report on Friday, July 27th. Zacks Investment Research raised shares of Supervalu from a “strong sell” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Telsey Advisory Group increased their price objective on shares of Supervalu from $18.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.06.
SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States and internationally. It operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.
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