SpartanNash (SPTN) Releases FY 2019 Earnings Guidance

SpartanNash (NASDAQ:SPTN) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.20-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.69.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of SpartanNash from a buy rating to a strong-buy rating in a research report on Friday, February 15th. Pivotal Research reaffirmed a sell rating and issued a $12.00 target price (down from $14.00) on shares of SpartanNash in a research report on Thursday, February 21st. Barclays downgraded shares of SpartanNash from an equal weight rating to an underweight rating in a research report on Tuesday, March 12th. ValuEngine downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research downgraded shares of SpartanNash from a hold rating to a sell rating in a research report on Tuesday, May 7th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. SpartanNash currently has an average rating of Hold and a consensus target price of $21.33.

Shares of SpartanNash stock opened at $14.91 on Monday. The stock has a market capitalization of $536.04 million, a P/E ratio of 7.97, a PEG ratio of 1.64 and a beta of 1.19. SpartanNash has a 1 year low of $14.33 and a 1 year high of $26.99. The company has a current ratio of 2.10, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95.

SpartanNash (NASDAQ:SPTN) last announced its quarterly earnings results on Wednesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.93 billion. SpartanNash had a return on equity of 9.31% and a net margin of 0.42%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. As a group, analysts expect that SpartanNash will post 1.3 earnings per share for the current fiscal year.

In other SpartanNash news, Director Yvonne R. Jackson sold 1,800 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $18.33, for a total transaction of $32,994.00. Following the transaction, the director now owns 33,081 shares in the company, valued at approximately $606,374.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth A. Nickels sold 4,676 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $17.45, for a total transaction of $81,596.20. Following the transaction, the director now owns 42,493 shares in the company, valued at approximately $741,502.85. The disclosure for this sale can be found here. Insiders have sold a total of 11,152 shares of company stock worth $188,845 in the last 90 days. Company insiders own 2.20% of the company’s stock.

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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 retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.

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Earnings History and Estimates for SpartanNash (NASDAQ:SPTN)

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