SpartanNash (SPTN) to Release Quarterly Earnings on Thursday

SpartanNash (NASDAQ:SPTN) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect SpartanNash to post earnings of $0.47 per share for the quarter. SpartanNash has set its FY 2024 guidance at 1.850-2.100 EPS and its FY24 guidance at $1.85-2.10 EPS.Parties interested in listening to the company’s conference call can do so using this link.

SpartanNash (NASDAQ:SPTN) last issued its earnings results on Thursday, August 15th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. SpartanNash had a return on equity of 8.87% and a net margin of 0.48%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, analysts expect SpartanNash to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SpartanNash Stock Up 0.4 %

NASDAQ SPTN traded up $0.09 on Tuesday, reaching $21.45. The stock had a trading volume of 3,444 shares, compared to its average volume of 244,697. The business has a 50 day moving average price of $21.69 and a 200 day moving average price of $20.40. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. SpartanNash has a 1 year low of $17.74 and a 1 year high of $24.51. The company has a market capitalization of $723.72 million, a price-to-earnings ratio of 16.06 and a beta of 0.39.

SpartanNash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a $0.218 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.87 dividend on an annualized basis and a yield of 4.07%. SpartanNash’s dividend payout ratio (DPR) is currently 65.41%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SpartanNash from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th.

SpartanNash Company Profile

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.