Sprouts Farmers Market Inc (SFM) Expected to Post Earnings of $0.18 Per Share

Brokerages expect Sprouts Farmers Market Inc (NASDAQ:SFM) to report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Sprouts Farmers Market’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.19. Sprouts Farmers Market reported earnings of $0.16 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The company is expected to issue its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Sprouts Farmers Market will report full year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.29. For the next year, analysts forecast that the business will report earnings of $1.32 per share, with EPS estimates ranging from $1.20 to $1.43. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sprouts Farmers Market had a return on equity of 25.85% and a net margin of 3.65%. Sprouts Farmers Market’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 earnings per share.

A number of analysts have recently weighed in on the company. Zacks Investment Research reaffirmed a “hold” rating on shares of Sprouts Farmers Market in a research report on Thursday, November 15th. Sanford C. Bernstein assumed coverage on shares of Sprouts Farmers Market in a report on Friday, November 16th. They issued an “underperform” rating and a $23.00 target price for the company. ValuEngine lowered shares of Sprouts Farmers Market from a “buy” rating to a “hold” rating in a research report on Saturday, December 1st. Loop Capital set a $29.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Friday, November 30th. Finally, Credit Suisse Group set a $26.00 price target on shares of Sprouts Farmers Market and gave the company a “hold” rating in a research report on Wednesday, December 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.16.

Shares of SFM stock traded down $0.35 during trading on Tuesday, hitting $24.60. 54,076 shares of the stock traded hands, compared to its average volume of 1,355,402. The firm has a market cap of $3.18 billion, a PE ratio of 24.38, a PEG ratio of 1.56 and a beta of 0.61. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 1.15. Sprouts Farmers Market has a 52-week low of $20.63 and a 52-week high of $29.67.

In related news, insider David Mcglinchey purchased 5,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were bought at an average cost of $23.10 per share, for a total transaction of $115,500.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kristen E. Blum purchased 2,000 shares of the company’s stock in a transaction on Monday, December 10th. The shares were bought at an average price of $24.00 per share, for a total transaction of $48,000.00. Following the completion of the transaction, the director now directly owns 14,981 shares in the company, valued at approximately $359,544. The disclosure for this purchase can be found here. Insiders bought a total of 109,500 shares of company stock valued at $2,512,275 in the last three months. Insiders own 1.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in SFM. Harvest Fund Management Co. Ltd bought a new stake in shares of Sprouts Farmers Market in the 3rd quarter worth about $194,000. Csenge Advisory Group bought a new stake in shares of Sprouts Farmers Market during the third quarter worth about $195,000. Global X Management Co LLC grew its holdings in shares of Sprouts Farmers Market by 64.3% during the second quarter. Global X Management Co LLC now owns 8,907 shares of the company’s stock worth $197,000 after purchasing an additional 3,485 shares during the last quarter. Keybank National Association OH bought a new stake in shares of Sprouts Farmers Market during the third quarter worth about $201,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of Sprouts Farmers Market during the third quarter worth about $205,000. Institutional investors own 91.20% of the company’s stock.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, meat and seafood, deli and baked goods, packaged groceries, vitamins and supplements, bulk foods, dairy and dairy alternatives, frozen foods, beer and wine, and natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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