Sprouts Farmers Market (NASDAQ:SFM) Releases FY19 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.05-1.09 for the period, compared to the Thomson Reuters consensus estimate of $1.21. The company issued revenue guidance of +7-8% to ~$5.57-5.62 billion, compared to the consensus revenue estimate of $5.71 billion.

Sprouts Farmers Market stock opened at $17.74 on Friday. The stock has a market capitalization of $2.00 billion, a PE ratio of 13.65, a PEG ratio of 1.75 and a beta of 0.41. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.20 and a current ratio of 0.88. Sprouts Farmers Market has a one year low of $16.46 and a one year high of $29.67. The firm’s fifty day moving average price is $18.58.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Sprouts Farmers Market had a net margin of 2.78% and a return on equity of 26.41%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 EPS. Equities research analysts anticipate that Sprouts Farmers Market will post 1.24 EPS for the current fiscal year.

SFM has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut Sprouts Farmers Market from an overweight rating to a neutral rating and reduced their price target for the stock from $22.00 to $19.00 in a research report on Friday. ValuEngine cut Sprouts Farmers Market from a hold rating to a sell rating in a research report on Saturday, June 22nd. BidaskClub cut Sprouts Farmers Market from a sell rating to a strong sell rating in a research report on Thursday, May 23rd. Deutsche Bank upgraded Sprouts Farmers Market from a hold rating to a buy rating in a research report on Monday, April 29th. Finally, BMO Capital Markets cut Sprouts Farmers Market from a market perform rating to an underperform rating and set a $15.00 price target for the company. in a research report on Friday. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $23.79.

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, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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

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