Sprouts Farmers Market (NASDAQ:SFM) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.45-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.46. The company issued revenue guidance of $1.49-1.51 billion, compared to the consensus revenue estimate of $1.52 billion.Sprouts Farmers Market also updated its FY 2020
After-Hours guidance to 1.17-1.23 EPS.

Shares of NASDAQ SFM traded up $1.94 during mid-day trading on Friday, hitting $17.99. The company had a trading volume of 9,681,543 shares, compared to its average volume of 1,940,644. The company has a market capitalization of $1.90 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.44. The company has a debt-to-equity ratio of 2.92, a current ratio of 0.87 and a quick ratio of 0.27. Sprouts Farmers Market has a 1-year low of $14.51 and a 1-year high of $24.06. The business’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $18.42.

Sprouts Farmers Market (NASDAQ:SFM) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. Sprouts Farmers Market had a return on equity of 27.31% and a net margin of 2.66%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that Sprouts Farmers Market will post 1.23 EPS for the current year.

A number of research firms have weighed in on SFM. Zacks Investment Research cut Sprouts Farmers Market from a hold rating to a sell rating and set a $16.00 price target on the stock. in a research note on Tuesday, February 11th. Sanford C. Bernstein upgraded Sprouts Farmers Market from a market perform rating to an outperform rating and set a $22.00 price target on the stock in a research note on Friday. BidaskClub lowered Sprouts Farmers Market from a sell rating to a strong sell rating in a report on Wednesday, December 25th. Wells Fargo & Co lowered Sprouts Farmers Market from an equal weight rating to an underweight rating and dropped their price objective for the stock from $18.00 to $16.00 in a report on Friday, January 17th. Finally, Barclays reaffirmed a hold rating and set a $19.00 price objective on shares of Sprouts Farmers Market in a report on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $19.99.

In other Sprouts Farmers Market news, insider Theodore Edward Frumkin II sold 50,000 shares of Sprouts Farmers Market stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $20.12, for a total value of $1,006,000.00. 0.70% of the stock is currently owned by insiders.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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