Earnings results for SpartanNash (NASDAQ:SPTN)
SpartanNash Company is expected* to report earnings on 06/02/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.55. The reported EPS for the same quarter last year was $0.67.
SpartanNash last issued its quarterly earnings data on February 23rd, 2021. The reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.03. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.22 billion. SpartanNash has generated $2.53 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. SpartanNash has confirmed that its next quarterly earnings report will be published on Wednesday, June 2nd, 2021.
Analyst Opinion on SpartanNash (NASDAQ:SPTN)
7 Wall Street analysts have issued ratings and price targets for SpartanNash in the last 12 months. Their average twelve-month price target is $20.00, predicting that the stock has a possible downside of 2.53%. The high price target for SPTN is $23.00 and the low price target for SPTN is $18.00. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
SpartanNash has received a consensus rating of Hold. The company’s average rating score is 2.14, and is based on 2 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $20.00, SpartanNash has a forecasted downside of 2.5% from its current price of $20.52. SpartanNash has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: SpartanNash (NASDAQ:SPTN)
SpartanNash pays a meaningful dividend of 3.81%, higher than the bottom 25% of all stocks that pay dividends. SpartanNash has only been increasing its dividend for 1 years. The dividend payout ratio of SpartanNash is 31.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SpartanNash will have a dividend payout ratio of 39.22% next year. This indicates that SpartanNash will be able to sustain or increase its dividend.
Insiders buying/selling: SpartanNash (NASDAQ:SPTN)
In the past three months, SpartanNash insiders have not sold or bought any company stock. Only 1.80% of the stock of SpartanNash is held by insiders. 84.04% of the stock of SpartanNash is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of SpartanNash (NASDAQ:SPTN
Earnings for SpartanNash are expected to grow by 10.87% in the coming year, from $1.84 to $2.04 per share. The P/E ratio of SpartanNash is 9.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.68. The P/E ratio of SpartanNash is 9.63, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 70.01. SpartanNash has a P/B Ratio of 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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