SpartanNash (NASDAQ:SPTN - Get Free Report) will be releasing its earnings data before the market opens on Thursday, November 7th. Analysts expect SpartanNash to post earnings of $0.47 per share for the quarter. SpartanNash has set its FY 2024 guidance at 1.850-2.100 EPS and its FY24 guidance at $1.85-2.10 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.
SpartanNash (NASDAQ:SPTN - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.03. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. On average, analysts expect SpartanNash to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SpartanNash Price Performance
Shares of NASDAQ:SPTN remained flat at $21.16 during midday trading on Thursday. 65,333 shares of the stock were exchanged, compared to its average volume of 246,036. SpartanNash has a 12-month low of $17.74 and a 12-month high of $24.51. The business has a 50-day moving average of $21.69 and a 200 day moving average of $20.35. The stock has a market capitalization of $714.04 million, a price-to-earnings ratio of 15.89 and a beta of 0.39. The company has a quick ratio of 0.80, a current ratio of 1.62 and a debt-to-equity ratio of 0.76.
SpartanNash Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, September 23rd. SpartanNash's dividend payout ratio (DPR) is currently 65.41%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of SpartanNash from a "hold" rating to a "buy" rating in a research note on Wednesday, September 18th.
Check Out Our Latest Stock Report on SPTN
About SpartanNash
(
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SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.
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