Simply Good Foods (SMPL) to Release Quarterly Earnings on Wednesday

Simply Good Foods (NASDAQ:SMPL) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, July 8th. Analysts expect Simply Good Foods to post earnings of $0.20 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Monday, April 6th. The financial services provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.06. The firm had revenue of $227.10 million during the quarter, compared to the consensus estimate of $220.22 million. Simply Good Foods had a return on equity of 5.90% and a net margin of 3.86%. The firm’s revenue was up 83.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, analysts expect Simply Good Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of SMPL opened at $18.84 on Wednesday. The company has a market cap of $1.64 billion, a P/E ratio of 64.97 and a beta of 0.61. The stock has a fifty day moving average price of $17.37 and a 200 day moving average price of $20.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.10. Simply Good Foods has a 12 month low of $14.08 and a 12 month high of $31.34.

In other news, Director James D. White acquired 2,780 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average price of $18.77 per share, for a total transaction of $52,180.60. Also, Director James E. Healey acquired 5,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was purchased at an average price of $16.86 per share, with a total value of $84,300.00. Following the acquisition, the director now owns 52,678 shares of the company’s stock, valued at $888,151.08. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 143,149 shares of company stock valued at $2,468,522. Insiders own 3.00% of the company’s stock.

A number of research analysts recently commented on the company. DA Davidson lowered their price objective on Simply Good Foods from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, June 23rd. Zacks Investment Research cut Simply Good Foods from a “hold” rating to a “sell” rating in a research note on Friday, May 1st. Deutsche Bank decreased their price target on Simply Good Foods from $30.00 to $24.00 in a research note on Tuesday, April 7th. William Blair began coverage on Simply Good Foods in a research note on Wednesday, June 24th. They issued an “outperform” rating for the company. Finally, ValuEngine raised Simply Good Foods from a “sell” rating to a “hold” rating in a research note on Monday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.11.

About Simply Good Foods

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 for Simply Good Foods (NASDAQ:SMPL)

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