Analysts expect SpartanNash Company (NASDAQ:SPTN) to report $1.93 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SpartanNash’s earnings. The lowest sales estimate is $1.91 billion and the highest is $1.95 billion. SpartanNash posted sales of $1.83 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.5%. The business is expected to report its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that SpartanNash will report full year sales of $1.93 billion for the current year, with estimates ranging from $8.12 billion to $8.15 billion. For the next financial year, analysts anticipate that the firm will report sales of $8.29 billion per share, with estimates ranging from $8.19 billion to $8.38 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover SpartanNash.
SpartanNash (NASDAQ:SPTN) last posted its earnings results on Wednesday, November 8th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.90 billion. SpartanNash had a positive return on equity of 10.35% and a negative net margin of 0.93%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share.
Shares of SpartanNash (SPTN) opened at $26.12 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.81 and a quick ratio of 0.74. SpartanNash has a 12-month low of $18.56 and a 12-month high of $40.38. The stock has a market capitalization of $962.37, a price-to-earnings ratio of 11.73, a P/E/G ratio of 4.11 and a beta of 1.02.
SpartanNash announced that its Board of Directors has initiated a share buyback program on Thursday, November 16th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be given a $0.165 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.53%. SpartanNash’s dividend payout ratio (DPR) is presently -32.67%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in SpartanNash by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,757,235 shares of the company’s stock valued at $71,578,000 after acquiring an additional 212,923 shares during the last quarter. State Street Corp increased its stake in SpartanNash by 5.6% in the second quarter. State Street Corp now owns 1,065,210 shares of the company’s stock valued at $27,654,000 after acquiring an additional 56,359 shares during the last quarter. Bank of New York Mellon Corp increased its stake in SpartanNash by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 1,032,110 shares of the company’s stock valued at $27,217,000 after acquiring an additional 31,792 shares during the last quarter. Northern Trust Corp increased its stake in SpartanNash by 10.0% in the second quarter. Northern Trust Corp now owns 797,462 shares of the company’s stock valued at $20,702,000 after acquiring an additional 72,318 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in SpartanNash in the third quarter valued at $20,161,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.
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SpartanNash Company is a multi-regional grocery distributor and grocery retailer. The Company’s core businesses include distributing grocery products to independent grocery retailers (independent retailers), select national retailers, its corporate owned retail stores, and the United States military commissaries.
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