SpartanNash (SPTN) Releases FY 2019 Earnings Guidance

SpartanNash (NASDAQ:SPTN) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.69. SpartanNash also updated its FY19 guidance to $1.20-1.50 EPS.

Shares of SPTN opened at $13.88 on Wednesday. The company has a market cap of $536.04 million, a P/E ratio of 7.42, a PEG ratio of 1.64 and a beta of 1.19. The company has a quick ratio of 0.94, a current ratio of 2.10 and a debt-to-equity ratio of 0.95. SpartanNash has a twelve month low of $13.34 and a twelve month high of $26.99.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Monday, May 20th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. SpartanNash had a net margin of 0.42% and a return on equity of 9.31%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts anticipate that SpartanNash will post 1.3 EPS for the current fiscal year.

A number of equities research analysts have commented on SPTN shares. Pivotal Research reaffirmed a sell rating and issued a $12.00 target price (down previously from $14.00) on shares of SpartanNash in a research report on Thursday, February 21st. BidaskClub downgraded shares of SpartanNash from a strong-buy rating to a buy rating in a research report on Monday, February 4th. Barclays downgraded shares of SpartanNash from an equal weight rating to an underweight rating in a research report on Tuesday, March 12th. ValuEngine downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Tuesday, May 7th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $20.17.

In other news, Director Yvonne R. Jackson sold 1,800 shares of SpartanNash stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $18.33, for a total transaction of $32,994.00. Following the transaction, the director now owns 33,081 shares in the company, valued at approximately $606,374.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director M Shan Atkins sold 4,676 shares of SpartanNash stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $15.88, for a total transaction of $74,254.88. Following the transaction, the director now owns 49,949 shares in the company, valued at approximately $793,190.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,152 shares of company stock valued at $188,845. 2.20% of the stock is currently owned by insiders.

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SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 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.

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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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