Sprouts Farmers Market (NASDAQ:SFM) Releases Q1 Earnings Guidance
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.
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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