SpartanNash (SPTN) Expected to Announce Quarterly Earnings on Wednesday

SpartanNash (NASDAQ:SPTN) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $2.25 billion for the quarter. SpartanNash has set its FY24 guidance at $1.85-1.95 EPS and its FY 2024 guidance at 1.850-1.950 EPS.Investors interested in registering for the company’s conference call can do so using this link.

SpartanNash (NASDAQ:SPTN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. 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

SPTN stock opened at $18.69 on Wednesday. The company has a market cap of $630.97 million, a PE ratio of 14.05 and a beta of 0.34. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $18.54 and a two-hundred day moving average price of $20.06.

SpartanNash Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a $0.2175 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.87 annualized dividend and a yield of 4.65%. SpartanNash’s payout ratio is 65.41%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of SpartanNash from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th.

About SpartanNash

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.