Wall Street analysts expect that Sprouts Farmers Market (NASDAQ:SFM) will post $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Sprouts Farmers Market’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.50. Sprouts Farmers Market posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 45.5%. The firm is scheduled to report its next earnings results before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.27 per share for the current financial year, with EPS estimates ranging from $1.25 to $1.30. For the next fiscal year, analysts forecast that the business will report earnings of $1.43 per share, with EPS estimates ranging from $1.35 to $1.47. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Sprouts Farmers Market.
Sprouts Farmers Market (NASDAQ:SFM) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Sprouts Farmers Market had a return on equity of 21.81% and a net margin of 3.40%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 EPS.
In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 1,722 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $25.24, for a total transaction of $43,463.28. Following the sale, the insider now owns 37,125 shares of the company’s stock, valued at approximately $937,035. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amin N. Maredia sold 39,559 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $23.13, for a total transaction of $914,999.67. Following the sale, the chief executive officer now directly owns 332,759 shares in the company, valued at approximately $7,696,715.67. The disclosure for this sale can be found here. In the last quarter, insiders sold 858,021 shares of company stock worth $23,347,835. 1.80% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of SFM. Old Mutual Global Investors UK Ltd. raised its holdings in Sprouts Farmers Market by 60.2% during the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 3,457,233 shares of the company’s stock valued at $84,183,000 after acquiring an additional 1,299,240 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Sprouts Farmers Market by 193.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,210,134 shares of the company’s stock valued at $29,467,000 after acquiring an additional 797,935 shares during the period. Smith Asset Management Group LP bought a new stake in Sprouts Farmers Market during the 4th quarter valued at $18,929,000. Millennium Management LLC raised its holdings in Sprouts Farmers Market by 103.3% during the 4th quarter. Millennium Management LLC now owns 1,439,420 shares of the company’s stock valued at $35,050,000 after acquiring an additional 731,398 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Sprouts Farmers Market by 49.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,009,401 shares of the company’s stock valued at $37,717,000 after acquiring an additional 665,598 shares during the period. 92.51% of the stock is currently owned by institutional investors and hedge funds.
SFM stock traded down $0.42 during mid-day trading on Friday, reaching $23.74. 926,293 shares of the company traded hands, compared to its average volume of 1,892,325. The company has a market capitalization of $3,167.28, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.45 and a beta of 0.89. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.23 and a current ratio of 1.00. Sprouts Farmers Market has a fifty-two week low of $17.55 and a fifty-two week high of $28.29.
Sprouts Farmers Market declared that its board has approved a stock repurchase plan on Thursday, February 22nd that permits the company to repurchase $350.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.
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About Sprouts Farmers Market
Sprouts Farmers Market, Inc is a food retailer. The Company operates as a grocery store that offers fresh, natural and organic food that includes fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, deli, baked goods, dairy products, frozen foods, body care and natural household items catering to consumers’ interest in health and wellness.
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