SpartanNash (SPTN) Scheduled to Post Earnings on Thursday

SpartanNash (NASDAQ:SPTN) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce 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 registering for the company’s conference call can do so using this link.

SpartanNash (NASDAQ:SPTN) last released its earnings results on Thursday, August 15th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.27 billion. SpartanNash had a net margin of 0.48% and a return on equity of 8.87%. SpartanNash’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. 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 2.1 %

NASDAQ:SPTN opened at $21.81 on Wednesday. The company has a market cap of $735.87 million, a PE ratio of 16.40 and a beta of 0.39. SpartanNash has a twelve month low of $17.74 and a twelve month high of $24.51. The company has a current ratio of 1.62, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $21.70 and its two-hundred day moving average is $20.42.

SpartanNash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 4.00%. The ex-dividend date was Monday, September 23rd. SpartanNash’s payout ratio is 65.41%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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.