Wall Street analysts forecast that Smart & Final Stores Inc (NYSE:SFS) will report earnings per share of $0.17 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Smart & Final Stores’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.12. Smart & Final Stores also reported earnings per share of $0.17 in the same quarter last year. The business is scheduled to report its next earnings report on Wednesday, November 21st.
On average, analysts expect that Smart & Final Stores will report full-year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.46. For the next fiscal year, analysts expect that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.40 to $0.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Smart & Final Stores.
Smart & Final Stores (NYSE:SFS) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Smart & Final Stores had a positive return on equity of 5.62% and a negative net margin of 3.04%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business earned $0.14 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis.
SFS has been the topic of several recent research reports. ValuEngine downgraded Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Zacks Investment Research downgraded Smart & Final Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Deutsche Bank downgraded Smart & Final Stores from a “buy” rating to a “hold” rating and reduced their price objective for the company from $9.00 to $6.00 in a research report on Tuesday, October 9th. Finally, Citigroup assumed coverage on Smart & Final Stores in a research report on Friday, July 6th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.36.
In related news, SVP Michael A. Mortensen sold 21,976 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $5.62, for a total transaction of $123,505.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.63% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Smart & Final Stores during the first quarter worth about $111,000. Globeflex Capital L P purchased a new position in Smart & Final Stores during the second quarter worth about $119,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Smart & Final Stores during the second quarter worth about $168,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Smart & Final Stores during the second quarter worth about $257,000. Finally, Engineers Gate Manager LP lifted its position in Smart & Final Stores by 33.0% during the second quarter. Engineers Gate Manager LP now owns 54,115 shares of the company’s stock worth $300,000 after buying an additional 13,424 shares during the period. Hedge funds and other institutional investors own 93.25% of the company’s stock.
Shares of NYSE:SFS opened at $5.19 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.30 and a debt-to-equity ratio of 1.52. Smart & Final Stores has a 52-week low of $4.45 and a 52-week high of $10.00. The firm has a market capitalization of $400.09 million, a PE ratio of 15.26, a P/E/G ratio of 1.67 and a beta of 1.28.
Smart & Final Stores Company Profile
Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.
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