Sprouts Farmers Market, Inc. (NASDAQ: SFM) to report quarterly sales of $ 1.45 billion
Analysts expect Sprouts Farmers Market, Inc. (NASDAQ: SFM) to report sales of $ 1.45 billion for the current quarter, Zacks Investment Research reports. Four analysts provided revenue estimates for Sprouts Farmers Market. The highest sales estimate is $ 1.46 billion and the lowest is $ 1.45 billion. Sprouts Farmers Market posted sales of $ 1.60 billion in the same quarter last year, suggesting a negative year-over-year growth rate of 9.4%. The company is expected to release its next quarterly earnings report on Thursday, February 24.
According to Zacks, analysts expect Sprouts Farmers Market to record annual sales of $ 6.06 billion for the current fiscal year, with estimates ranging from $ 6.06 billion to $ 6.07 billion . For next year, analysts predict the company will post sales of $ 6.30 billion, with estimates ranging from $ 6.28 billion to $ 6.33 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research companies that cover the sprout producer market.
Sprouts Farmers Market (NASDAQ: SFM) last published its results on Thursday, November 4. The company reported EPS of $ 0.56 for the quarter, beating the Zacks consensus estimate by $ 0.40 by $ 0.16. The company posted revenue of $ 1.51 billion for the quarter, compared to analysts’ expectations of $ 1.58 billion. Sprouts Farmers Market reported a return on equity of 29.50% and a net margin of 4.45%. The company’s revenue for the quarter was down 4.3% from the same quarter last year. During the same period of the previous year, the company posted EPS of $ 0.52.
Several research analysts recently commented on the title. BMO Capital Markets downgraded Sprouts Farmers Market’s stock rating from a “market performance” rating to an “underperformance” rating and reduced its target price for the share from $ 21.00 to $ 19.00 in a report released Tuesday, October 5. Gordon Haskett downgraded Sprouts Farmers Market from a “keep” rating to a “reduce” rating and set a price target of $ 20.00 for the business. in a research report on Thursday, November 11. Two analysts assigned a sell rating to the stock, two assigned a conservation rating and one assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $ 24.00.
Large investors have recently changed their positions in the company. FinTrust Capital Advisors LLC purchased a new position in Sprouts Farmers Market shares in the second quarter valued at approximately $ 35,000. NEXT Financial Group Inc increased its stake in Sprouts Farmers Market shares by 718.6% during the third quarter. NEXT Financial Group Inc now owns 2,603 shares of the company valued at $ 60,000 after acquiring an additional 2,285 shares during the last quarter. Focused Wealth Management Inc purchased a new equity stake in Sprouts Farmers Market during the third quarter valued at approximately $ 75,000. Moors & Cabot Inc. purchased a new equity interest in Sprouts Farmers Market in the third quarter valued at approximately $ 119,000. Finally, Amundi acquired a new position on Sprouts Farmers Market during the 2nd quarter for a value of approximately $ 155,000. 96.54% of the shares are currently held by hedge funds and other institutional investors.
NASDAQ: SFM opened at $ 29.77 on Tuesday. Sprouts Farmers Market has a 12 month low of $ 19.13 and a 12 month high of $ 30.61. The company has a current ratio of 1.16, a quick ratio of 0.62, and a debt ratio of 0.27. The company’s 50-day moving average is $ 26.14 and its 200-day moving average is $ 24.89. The stock has a market cap of $ 3.34 billion, a PE ratio of 12.61 and a beta of 0.26.
About the Sprout Growers Market
Sprouts Farmers Markets, Inc. is committed to operating healthy grocery stores. The company specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, groceries, meat and seafood, cold cuts, bakery, dairy, frozen foods, body care and natural household items.
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