Brokerages forecast that Smart & Final Stores Inc (NYSE:SFS) will announce sales of $1.13 billion for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Smart & Final Stores’ earnings. Smart & Final Stores reported sales of $1.08 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, July 24th.

According to Zacks, analysts expect that Smart & Final Stores will report full year sales of $4.76 billion for the current financial year, with estimates ranging from $4.71 billion to $4.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $4.95 billion per share, with estimates ranging from $4.86 billion to $5.03 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last posted its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Smart & Final Stores had a positive return on equity of 4.93% and a negative net margin of 3.06%. Smart & Final Stores’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

A number of research firms recently commented on SFS. Citigroup began coverage on Smart & Final Stores in a research report on Friday, July 6th. They set a “neutral” rating for the company. Morgan Stanley reduced their price objective on Smart & Final Stores from $6.50 to $4.50 and set an “underweight” rating for the company in a research report on Wednesday, June 20th. ValuEngine cut Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 13th. Zacks Investment Research upgraded Smart & Final Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. Finally, Credit Suisse Group set a $6.00 price objective on Smart & Final Stores and gave the company a “hold” rating in a research report on Thursday, May 3rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.13.

Smart & Final Stores traded down $0.05, reaching $5.55, during mid-day trading on Friday, MarketBeat reports. 257,334 shares of the stock traded hands, compared to its average volume of 506,769. The stock has a market cap of $430.93 million, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.90 and a beta of 1.12. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.31 and a current ratio of 0.98. Smart & Final Stores has a 12-month low of $4.45 and a 12-month high of $10.00.

A number of large investors have recently added to or reduced their stakes in SFS. Schwab Charles Investment Management Inc. grew its holdings in Smart & Final Stores by 5.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 112,150 shares of the company’s stock valued at $959,000 after purchasing an additional 5,433 shares during the period. California Public Employees Retirement System boosted its stake in shares of Smart & Final Stores by 68.1% in the fourth quarter. California Public Employees Retirement System now owns 75,826 shares of the company’s stock worth $648,000 after acquiring an additional 30,718 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Smart & Final Stores by 32.2% in the fourth quarter. Wells Fargo & Company MN now owns 40,303 shares of the company’s stock worth $344,000 after acquiring an additional 9,823 shares during the period. Virtu Financial LLC bought a new position in shares of Smart & Final Stores in the fourth quarter worth about $114,000. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Smart & Final Stores in the fourth quarter worth about $8,433,000.

Smart & Final Stores Company Profile

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company operates non-membership warehouse-style grocery stores under the Smart & Final banner in California, Arizona, and Nevada, as well as under the Cash & Carry Smart Foodservice banner in Washington, Oregon, Northern California, Idaho, Nevada, Montana, and Utah.

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