SpartanNash (NASDAQ:SPTN - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01, Briefing.com reports. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The firm had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business's revenue was down .6% compared to the same quarter last year. SpartanNash updated its FY24 guidance to $1.85-1.95 EPS and its FY 2024 guidance to 1.850-1.950 EPS.
SpartanNash Stock Performance
Shares of NASDAQ SPTN traded down $0.84 during trading hours on Friday, reaching $18.94. 418,441 shares of the stock were exchanged, compared to its average volume of 249,117. The firm has a market capitalization of $639.13 million, a price-to-earnings ratio of 14.24 and a beta of 0.39. The stock's fifty day simple moving average is $21.62 and its 200 day simple moving average is $20.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.62. SpartanNash has a 52 week low of $17.74 and a 52 week high of $24.51.
SpartanNash Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were given a dividend of $0.218 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.87 annualized dividend and a yield of 4.60%. SpartanNash's dividend payout ratio (DPR) is presently 65.41%.
Analyst Ratings Changes
Separately, StockNews.com downgraded SpartanNash from a "buy" rating to a "hold" rating in a report on Friday.
Get Our Latest Report on SpartanNash
SpartanNash Company Profile
(
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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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