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.
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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