Simply Good Foods Co (SMPL) Expected to Post Quarterly Sales of $116.15 Million

Equities research analysts predict that Simply Good Foods Co (NASDAQ:SMPL) will report sales of $116.15 million for the current quarter, according to Zacks. Three analysts have made estimates for Simply Good Foods’ earnings, with the highest sales estimate coming in at $119.00 million and the lowest estimate coming in at $114.70 million. Simply Good Foods reported sales of $107.23 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.3%. The firm is expected to announce its next earnings report on Tuesday, July 9th.

On average, analysts expect that Simply Good Foods will report full year sales of $484.89 million for the current year, with estimates ranging from $481.86 million to $487.20 million. For the next financial year, analysts expect that the business will post sales of $503.98 million, with estimates ranging from $488.93 million to $521.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Thursday, April 4th. The financial services provider reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The firm had revenue of $123.80 million during the quarter, compared to analysts’ expectations of $121.91 million. Simply Good Foods had a net margin of 10.17% and a return on equity of 6.34%. The firm’s revenue was up 13.3% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Buckingham Research boosted their price target on shares of Simply Good Foods from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, April 5th. Zacks Investment Research lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Finally, SunTrust Banks lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $23.00 in a report on Tuesday, April 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Simply Good Foods currently has an average rating of “Buy” and an average price target of $23.00.

Institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in shares of Simply Good Foods in the 1st quarter worth about $30,000. US Bancorp DE grew its holdings in shares of Simply Good Foods by 82.1% in the 1st quarter. US Bancorp DE now owns 1,845 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 832 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Simply Good Foods in the 4th quarter worth about $73,000. SEI Investments Co grew its holdings in shares of Simply Good Foods by 20.4% in the 1st quarter. SEI Investments Co now owns 3,895 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 660 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. grew its holdings in shares of Simply Good Foods by 48.2% in the 1st quarter. C M Bidwell & Associates Ltd. now owns 3,995 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,300 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Simply Good Foods stock opened at $21.97 on Friday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 37.88 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.85 and a current ratio of 9.17. Simply Good Foods has a 52-week low of $12.96 and a 52-week high of $23.29.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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