The Simply Good Foods Company Expected to Earn Q1 2021 Earnings of $0.19 Per Share (NASDAQ:SMPL)

The Simply Good Foods Company (NASDAQ:SMPL) – Research analysts at William Blair issued their Q1 2021 earnings estimates for shares of The Simply Good Foods in a report released on Monday, October 26th. William Blair analyst J. Andersen anticipates that the financial services provider will post earnings of $0.19 per share for the quarter. William Blair also issued estimates for The Simply Good Foods’ Q2 2021 earnings at $0.20 EPS, Q3 2021 earnings at $0.22 EPS, Q4 2021 earnings at $0.22 EPS, FY2021 earnings at $0.83 EPS and FY2022 earnings at $0.95 EPS.

The Simply Good Foods (NASDAQ:SMPL) last announced its earnings results on Saturday, October 31st. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The company had revenue of $222.30 million for the quarter, compared to the consensus estimate of $205.93 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was up 59.7% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company dropped their price target on shares of The Simply Good Foods from $35.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Seaport Global Securities started coverage on shares of The Simply Good Foods in a research note on Tuesday, July 28th. They issued a “buy” rating and a $27.00 price target on the stock. TheStreet raised shares of The Simply Good Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, July 21st. Morgan Stanley dropped their price target on shares of The Simply Good Foods from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, DA Davidson upped their price target on shares of The Simply Good Foods from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The Simply Good Foods has an average rating of “Buy” and an average target price of $27.44.

NASDAQ SMPL opened at $18.78 on Wednesday. The Simply Good Foods has a 1-year low of $14.08 and a 1-year high of $28.95. The company has a current ratio of 3.20, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.79 billion, a PE ratio of 62.58 and a beta of 0.78. The firm’s fifty day simple moving average is $21.87 and its 200-day simple moving average is $20.75.

A number of institutional investors have recently bought and sold shares of SMPL. Advisor Group Holdings Inc. bought a new stake in The Simply Good Foods during the first quarter valued at about $54,000. FDx Advisors Inc. bought a new stake in The Simply Good Foods during the first quarter valued at about $210,000. Public Employees Retirement Association of Colorado boosted its holdings in The Simply Good Foods by 19.7% during the first quarter. Public Employees Retirement Association of Colorado now owns 13,945 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 2,295 shares during the period. Royal Bank of Canada boosted its holdings in The Simply Good Foods by 379.4% during the first quarter. Royal Bank of Canada now owns 28,200 shares of the financial services provider’s stock valued at $543,000 after acquiring an additional 22,318 shares during the period. Finally, State Street Corp boosted its holdings in The Simply Good Foods by 3.7% during the first quarter. State Street Corp now owns 1,747,762 shares of the financial services provider’s stock valued at $33,662,000 after acquiring an additional 62,742 shares during the period. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

The 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, and Atkins Endulge brand names. The company is headquartered in Denver, Colorado.

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

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