Sprouts Farmers Market (NASDAQ:SFM) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 2nd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Sprouts Farmers Market has set its FY18 guidance at $1.22-1.28 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. Sprouts Farmers Market had a net margin of 3.40% and a return on equity of 21.81%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.13 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts expect Sprouts Farmers Market to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ SFM opened at $24.44 on Wednesday. Sprouts Farmers Market has a 12-month low of $17.55 and a 12-month high of $28.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.23 and a current ratio of 1.00. The company has a market capitalization of $3,245.77, a PE ratio of 24.20, a price-to-earnings-growth ratio of 1.49 and a beta of 0.89.
Sprouts Farmers Market announced that its board has initiated a stock repurchase plan on Thursday, February 22nd that allows the company to repurchase $350.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
Several analysts have recently issued reports on SFM shares. Deutsche Bank boosted their price target on shares of Sprouts Farmers Market from $24.00 to $27.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a research report on Friday, February 2nd. Credit Suisse Group started coverage on shares of Sprouts Farmers Market in a research report on Tuesday, April 17th. They issued a “neutral” rating and a $26.00 price target on the stock. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price target on shares of Sprouts Farmers Market in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Buy” and an average price target of $27.05.
In other Sprouts Farmers Market news, Director Shon A. Boney sold 96,945 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $28.10, for a total value of $2,724,154.50. Following the completion of the transaction, the director now owns 76,812 shares of the company’s stock, valued at approximately $2,158,417.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Amin N. Maredia sold 39,559 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $23.13, for a total transaction of $914,999.67. Following the completion of the transaction, the chief executive officer now directly owns 332,759 shares of the company’s stock, valued at approximately $7,696,715.67. The disclosure for this sale can be found here. In the last three months, insiders sold 852,119 shares of company stock valued at $23,182,579. Corporate insiders own 1.80% of the company’s stock.
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Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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