SuperValu Inc. (SVU) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

SuperValu Inc. (NYSE:SVU) announced its quarterly earnings data on Wednesday, October 18th. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11, Bloomberg Earnings reports. SuperValu had a return on equity of 41.33% and a net margin of 4.08%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.78 billion. During the same quarter last year, the firm earned $0.70 EPS. SuperValu’s revenue for the quarter was up 35.5% compared to the same quarter last year.

Shares of SuperValu (NYSE SVU) traded up 0.31% during mid-day trading on Friday, hitting $16.25. The stock had a trading volume of 1,561,171 shares. The firm’s 50 day moving average price is $19.95 and its 200 day moving average price is $23.62. SuperValu has a 1-year low of $14.55 and a 1-year high of $36.68. The company has a market cap of $619.81 million, a P/E ratio of 1.00 and a beta of 2.13.

SVU has been the subject of several research analyst reports. Royal Bank Of Canada set a $42.00 target price on SuperValu and gave the company a “buy” rating in a research note on Monday, August 28th. Deutsche Bank AG reissued a “hold” rating and issued a $28.00 target price (down from $35.00) on shares of SuperValu in a research note on Wednesday, July 26th. Zacks Investment Research cut SuperValu from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Pivotal Research set a $42.00 price objective on SuperValu and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine cut SuperValu from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. SuperValu currently has an average rating of “Hold” and an average price target of $30.33.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of SuperValu by 11,576.6% in the 1st quarter. BlackRock Inc. now owns 41,258,226 shares of the company’s stock valued at $159,258,000 after purchasing an additional 40,904,886 shares in the last quarter. Vanguard Group Inc. raised its position in shares of SuperValu by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 29,991,105 shares of the company’s stock valued at $98,671,000 after acquiring an additional 682,044 shares in the last quarter. UBS Oconnor LLC raised its position in shares of SuperValu by 323.4% during the 1st quarter. UBS Oconnor LLC now owns 9,222,644 shares of the company’s stock valued at $35,599,000 after acquiring an additional 7,044,616 shares in the last quarter. State Street Corp raised its position in shares of SuperValu by 7.7% during the 1st quarter. State Street Corp now owns 8,208,363 shares of the company’s stock valued at $31,686,000 after acquiring an additional 586,022 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of SuperValu by 35.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,299,814 shares of the company’s stock valued at $24,016,000 after acquiring an additional 1,903,023 shares in the last quarter.

About SuperValu

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Earnings History for SuperValu (NYSE:SVU)

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