Analysts Expect Smart & Final Stores Inc (SFS) Will Post Quarterly Sales of $1.51 Billion

Equities analysts expect Smart & Final Stores Inc (NYSE:SFS) to post sales of $1.51 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Smart & Final Stores’ earnings, with estimates ranging from $1.50 billion to $1.52 billion. Smart & Final Stores posted sales of $1.46 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 21st.

On average, analysts expect that Smart & Final Stores will report full year sales of $4.75 billion for the current year, with estimates ranging from $4.71 billion to $4.78 billion. For the next financial year, analysts anticipate that the company will report sales of $4.93 billion, with estimates ranging from $4.85 billion to $5.02 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last released its earnings results on Wednesday, July 25th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Smart & Final Stores had a negative net margin of 3.04% and a positive return on equity of 5.62%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year.

SFS has been the topic of a number of recent analyst reports. ValuEngine cut shares of Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 26th. Deutsche Bank cut shares of Smart & Final Stores from a “buy” rating to a “hold” rating and reduced their price target for the stock from $9.00 to $6.00 in a research report on Tuesday, October 9th. Zacks Investment Research cut shares of Smart & Final Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Citigroup initiated coverage on shares of Smart & Final Stores in a research report on Friday, July 6th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Smart & Final Stores currently has a consensus rating of “Hold” and a consensus target price of $7.36.

Shares of NYSE SFS opened at $5.27 on Friday. The firm has a market cap of $432.74 million, a PE ratio of 15.50, a PEG ratio of 1.79 and a beta of 1.28. Smart & Final Stores has a twelve month low of $4.45 and a twelve month high of $10.00. The company has a current ratio of 0.97, a quick ratio of 0.30 and a debt-to-equity ratio of 1.52.

In other news, SVP Michael A. Mortensen sold 21,976 shares of Smart & Final Stores stock in a transaction on Monday, October 1st. The shares were sold at an average price of $5.62, for a total transaction of $123,505.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.63% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in SFS. Engineers Gate Manager LP lifted its position in Smart & Final Stores by 33.0% in the 2nd quarter. Engineers Gate Manager LP now owns 54,115 shares of the company’s stock valued at $300,000 after acquiring an additional 13,424 shares in the last quarter. Jane Street Group LLC bought a new stake in Smart & Final Stores in the 1st quarter valued at $111,000. Globeflex Capital L P bought a new stake in Smart & Final Stores in the 2nd quarter valued at $119,000. HPM Partners LLC lifted its position in Smart & Final Stores by 41.7% in the 2nd quarter. HPM Partners LLC now owns 85,000 shares of the company’s stock valued at $472,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Smart & Final Stores in the 2nd quarter valued at $168,000. 93.25% of the stock is currently owned by institutional investors.

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.

See Also: Diversification

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