Zacks: Brokerages Anticipate Sprouts Farmers Market Inc (NASDAQ:SFM) Will Post Earnings of $0.14 Per Share

Analysts forecast that Sprouts Farmers Market Inc (NASDAQ:SFM) will announce earnings of $0.14 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Sprouts Farmers Market’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Sprouts Farmers Market posted earnings of $0.19 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 26.3%. The business is scheduled to issue its next earnings results on Thursday, February 20th.

On average, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.12 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.13. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last released its earnings results on Wednesday, October 30th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Sprouts Farmers Market had a net margin of 2.36% and a return on equity of 25.50%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Cfra downgraded shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Zacks Investment Research downgraded shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 target price for the company. in a research report on Wednesday, October 23rd. ValuEngine raised shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Northcoast Research raised shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, August 15th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.82.

In related news, insider David Mcglinchey sold 1,655 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.96, for a total value of $33,033.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of SFM. Cerebellum GP LLC bought a new position in shares of Sprouts Farmers Market in the 3rd quarter worth $26,000. Meeder Asset Management Inc. bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth $28,000. Quadrant Capital Group LLC lifted its holdings in shares of Sprouts Farmers Market by 77.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,646 shares of the company’s stock worth $31,000 after purchasing an additional 718 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Sprouts Farmers Market by 2,142.5% in the 3rd quarter. Signaturefd LLC now owns 1,951 shares of the company’s stock worth $38,000 after purchasing an additional 1,864 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of Sprouts Farmers Market in the 2nd quarter worth $176,000. Institutional investors own 93.62% of the company’s stock.

NASDAQ:SFM traded up $0.20 on Friday, reaching $19.66. 763,300 shares of the stock traded hands, compared to its average volume of 1,612,575. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.78 and a beta of 0.37. The company’s 50 day moving average is $19.07 and its 200-day moving average is $19.16. The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 2.92. Sprouts Farmers Market has a 1-year low of $16.46 and a 1-year high of $27.66.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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