Smart & Final Stores Inc (SFS) Expected to Post Earnings of $0.12 Per Share

Wall Street brokerages expect that Smart & Final Stores Inc (NYSE:SFS) will post earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Smart & Final Stores’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. Smart & Final Stores reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year over year growth rate of 20%. The business is expected to issue its next quarterly earnings results on Wednesday, March 13th.

On average, analysts expect that Smart & Final Stores will report full-year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.46 to $0.48. For the next year, analysts forecast that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.44 to $0.47. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Smart & Final Stores had a negative net margin of 2.91% and a positive return on equity of 7.00%. Smart & Final Stores’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Smart & Final Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine cut shares of Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research note on Monday, October 29th. Finally, Deutsche Bank cut shares of Smart & Final Stores from a “buy” rating to a “hold” rating and lowered their price target for the stock from $9.00 to $6.00 in a research note on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $7.00.

NYSE:SFS opened at $5.88 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 1.04. Smart & Final Stores has a fifty-two week low of $4.45 and a fifty-two week high of $9.80. The firm has a market cap of $434.00 million, a PE ratio of 17.29, a P/E/G ratio of 5.89 and a beta of 1.35.

In related news, SVP Michael A. Mortensen sold 21,976 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $5.62, for a total value of $123,505.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michael A. Mortensen sold 21,977 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $6.32, for a total transaction of $138,894.64. Following the completion of the sale, the senior vice president now directly owns 76,707 shares in the company, valued at $484,788.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,930 shares of company stock worth $375,362. 9.63% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in Smart & Final Stores in the 3rd quarter valued at about $416,000. Martin & Co. Inc. TN lifted its holdings in Smart & Final Stores by 66.1% in the 2nd quarter. Martin & Co. Inc. TN now owns 339,457 shares of the company’s stock valued at $1,884,000 after purchasing an additional 135,142 shares in the last quarter. Bank of Montreal Can lifted its holdings in Smart & Final Stores by 25.0% in the 2nd quarter. Bank of Montreal Can now owns 251,948 shares of the company’s stock valued at $1,398,000 after purchasing an additional 50,312 shares in the last quarter. Bank of America Corp DE lifted its holdings in Smart & Final Stores by 1,755.2% in the 2nd quarter. Bank of America Corp DE now owns 520,943 shares of the company’s stock valued at $2,891,000 after purchasing an additional 492,863 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Smart & Final Stores by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,772,433 shares of the company’s stock valued at $15,387,000 after purchasing an additional 307,158 shares in the last quarter. 94.11% of the stock is currently owned by hedge funds and other institutional investors.

About Smart & Final Stores

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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