Analysts Anticipate Simply Good Foods Co (NASDAQ:SMPL) Will Announce Quarterly Sales of $130.57 Million

Wall Street brokerages expect that Simply Good Foods Co (NASDAQ:SMPL) will report $130.57 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Simply Good Foods’ earnings, with the highest sales estimate coming in at $135.30 million and the lowest estimate coming in at $128.70 million. Simply Good Foods reported sales of $108.26 million in the same quarter last year, which indicates a positive year-over-year growth rate of 20.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Simply Good Foods will report full-year sales of $515.39 million for the current year, with estimates ranging from $513.10 million to $519.50 million. For the next fiscal year, analysts anticipate that the company will post sales of $544.09 million, with estimates ranging from $526.46 million to $564.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last announced its quarterly earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. The business had revenue of $139.50 million for the quarter, compared to analysts’ expectations of $120.85 million. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS.

Several research firms have recently issued reports on SMPL. DA Davidson began coverage on Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price on the stock. Buckingham Research set a $34.00 target price on Greenbrier Companies and gave the company a “hold” rating in a research note on Wednesday, July 3rd. SunTrust Banks reissued a “hold” rating and set a $25.00 target price on shares of Simply Good Foods in a research note on Wednesday, July 3rd. ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. Finally, Deutsche Bank raised Elis from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Simply Good Foods has a consensus rating of “Buy” and an average target price of $27.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Simply Good Foods by 245.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 834,888 shares of the financial services provider’s stock valued at $15,778,000 after purchasing an additional 593,243 shares in the last quarter. BlackRock Inc. boosted its position in shares of Simply Good Foods by 9.3% during the fourth quarter. BlackRock Inc. now owns 4,310,881 shares of the financial services provider’s stock valued at $81,477,000 after purchasing an additional 366,590 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of Simply Good Foods by 75.1% during the fourth quarter. Granite Investment Partners LLC now owns 710,390 shares of the financial services provider’s stock valued at $13,426,000 after purchasing an additional 304,788 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of Simply Good Foods by 29.3% during the first quarter. OppenheimerFunds Inc. now owns 1,144,342 shares of the financial services provider’s stock valued at $23,563,000 after purchasing an additional 259,192 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of Simply Good Foods during the fourth quarter valued at approximately $3,590,000. 85.50% of the stock is currently owned by hedge funds and other institutional investors.

Simply Good Foods stock traded down $0.23 during trading hours on Thursday, reaching $26.79. The company had a trading volume of 13,374 shares, compared to its average volume of 445,764. The company has a debt-to-equity ratio of 0.23, a quick ratio of 7.57 and a current ratio of 8.63. The stock has a 50-day simple moving average of $23.82. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 46.45 and a beta of 0.84. Simply Good Foods has a 12-month low of $16.40 and a 12-month high of $27.99.

Simply Good Foods Company Profile

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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