SpartanNash (SPTN) Scheduled to Post Earnings on Wednesday

SpartanNash (NASDAQ:SPTN) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect SpartanNash to post earnings of $0.50 per share for the quarter. SpartanNash has set its FY18 guidance at $2.02-2.14 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, August 15th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.07). The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.88 billion. SpartanNash had a positive return on equity of 10.23% and a negative net margin of 0.72%. SpartanNash’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. On average, analysts expect SpartanNash to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SpartanNash stock opened at $18.74 on Monday. The company has a quick ratio of 0.88, a current ratio of 2.06 and a debt-to-equity ratio of 0.97. The company has a market cap of $673.38 million, a P/E ratio of 8.92, a P/E/G ratio of 1.34 and a beta of 1.17. SpartanNash has a one year low of $16.32 and a one year high of $27.72.

Several equities analysts recently commented on the company. BidaskClub downgraded SpartanNash from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. ValuEngine downgraded SpartanNash from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th. Zacks Investment Research upgraded SpartanNash from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. Deutsche Bank cut their target price on SpartanNash from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, August 17th. Finally, BMO Capital Markets set a $23.00 target price on SpartanNash and gave the stock a “buy” rating in a research report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. SpartanNash presently has a consensus rating of “Hold” and a consensus target price of $21.80.

SpartanNash Company Profile

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.

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Earnings History for SpartanNash (NASDAQ:SPTN)

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