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SpartanNash (NASDAQ:SPTN) Issues FY 2020 After-Hours Earnings Guidance

SpartanNash (NASDAQ:SPTN) issued an update on its FY 2020 After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 2.40-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.07.

Shares of NASDAQ:SPTN traded up $0.87 during mid-day trading on Wednesday, hitting $22.45. The stock had a trading volume of 11,584 shares, compared to its average volume of 460,312. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.78 and a current ratio of 1.54. The company has a market cap of $773.19 million, a PE ratio of 59.39 and a beta of 1.04. SpartanNash has a 12-month low of $8.82 and a 12-month high of $23.94. The company’s 50 day moving average is $21.05 and its 200-day moving average is $16.73.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Wednesday, May 27th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.19. SpartanNash had a net margin of 0.15% and a return on equity of 8.07%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that SpartanNash will post 2.01 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Deutsche Bank increased their target price on shares of SpartanNash from $12.00 to $20.00 and gave the stock a hold rating in a research report on Wednesday, July 1st. ValuEngine upgraded shares of SpartanNash from a strong sell rating to a sell rating in a research report on Saturday, June 27th. BidaskClub downgraded shares of SpartanNash from a strong-buy rating to a buy rating in a research report on Saturday. Zacks Investment Research upgraded shares of SpartanNash from a hold rating to a strong-buy rating and set a $19.00 target price for the company in a research report on Friday, April 24th. Finally, Barclays restated a hold rating and set a $20.00 price target on shares of SpartanNash in a report on Friday, May 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. SpartanNash currently has an average rating of Hold and an average target price of $16.40.


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