Analysts Expect Simply Good Foods Co (NASDAQ:SMPL) to Announce $0.16 Earnings Per Share

Analysts expect that Simply Good Foods Co (NASDAQ:SMPL) will post $0.16 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have provided estimates for Simply Good Foods’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.14. Simply Good Foods posted earnings of $0.15 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The business is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Simply Good Foods will report full-year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.65 to $0.74. For the next fiscal year, analysts forecast that the business will report earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $139.50 million for the quarter, compared to analysts’ expectations of $120.85 million. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS.

A number of analysts recently issued reports on SMPL shares. Sanford C. Bernstein started coverage on Simply Good Foods in a report on Monday, August 12th. They set an “outperform” rating on the stock. SunTrust Banks reissued a “hold” rating and set a $25.00 price objective on shares of Simply Good Foods in a report on Wednesday, July 3rd. Zacks Investment Research cut Simply Good Foods from a “buy” rating to a “hold” rating in a report on Friday, August 16th. ValuEngine cut Simply Good Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Deutsche Bank raised their price target on Simply Good Foods from $25.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, July 4th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $28.00.

SMPL traded down $1.42 during trading on Friday, reaching $28.54. 546,949 shares of the company were exchanged, compared to its average volume of 394,343. The company’s 50-day moving average is $27.10 and its two-hundred day moving average is $23.17. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 49.21 and a beta of 0.85. The company has a quick ratio of 7.57, a current ratio of 8.63 and a debt-to-equity ratio of 0.23. Simply Good Foods has a 12-month low of $16.55 and a 12-month high of $30.22.

In other Simply Good Foods news, COO Hanno E. Holm sold 1,750 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total value of $48,772.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Hanno E. Holm sold 15,983 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $26.88, for a total value of $429,623.04. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in SMPL. Invesco Ltd. grew its position in Simply Good Foods by 1,058.1% during the 2nd quarter. Invesco Ltd. now owns 1,453,234 shares of the financial services provider’s stock worth $34,994,000 after acquiring an additional 1,327,747 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Simply Good Foods in the 2nd quarter worth approximately $29,691,000. Dimensional Fund Advisors LP raised its stake in Simply Good Foods by 245.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 834,888 shares of the financial services provider’s stock valued at $15,778,000 after buying an additional 593,243 shares during the last quarter. BlackRock Inc. raised its stake in Simply Good Foods by 12.6% during the second quarter. BlackRock Inc. now owns 4,702,639 shares of the financial services provider’s stock valued at $113,240,000 after buying an additional 525,409 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Simply Good Foods by 904.6% during the second quarter. Marshall Wace LLP now owns 403,953 shares of the financial services provider’s stock valued at $9,727,000 after buying an additional 363,742 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

Simply Good Foods Company Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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