Sprouts Farmers Market, Inc. (SFM) to Release Quarterly Earnings on Wednesday
Sprouts Farmers Market, Inc. (NASDAQ:SFM) will be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Sprouts Farmers Market has set its FY17 guidance at $0.88-0.92 EPS.
Sprouts Farmers Market (NASDAQ:SFM) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Sprouts Farmers Market had a return on equity of 18.79% and a net margin of 2.96%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Sprouts Farmers Market’s revenue was up 14.8% on a year-over-year basis. On average, analysts expect Sprouts Farmers Market to post $0.92 EPS for the current fiscal year and $1.02 EPS for the next fiscal year.
Sprouts Farmers Market, Inc. (SFM) opened at 18.47 on Tuesday. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 20.82 and a beta of 0.54. The stock’s 50 day moving average price is $18.79 and its 200 day moving average price is $22.02. Sprouts Farmers Market, Inc. has a one year low of $17.38 and a one year high of $25.98.
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In related news, insider Daniel Bruni bought 15,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $285,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Bradley Lukow bought 7,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was bought at an average price of $19.80 per share, with a total value of $138,600.00. The disclosure for this purchase can be found here. 2.60% of the stock is currently owned by insiders.
Several brokerages recently issued reports on SFM. UBS AG set a $25.00 target price on Sprouts Farmers Market and gave the company a “buy” rating in a research note on Monday. Jefferies Group LLC decreased their target price on Sprouts Farmers Market from $26.00 to $19.00 and set a “hold” rating on the stock in a research note on Monday. Zacks Investment Research raised Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. TheStreet raised Sprouts Farmers Market from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Finally, BidaskClub raised Sprouts Farmers Market from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. Sprouts Farmers Market currently has a consensus rating of “Hold” and a consensus price target of $24.50.
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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