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.
TRADEMARK VIOLATION NOTICE: “SuperValu Inc. (SVU) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2017/10/28/supervalu-inc-svu-issues-earnings-results.html.
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.
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.
Receive News & Ratings for SuperValu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SuperValu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.