SpartanNash (NASDAQ:SPTN) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

SpartanNash (NASDAQ:SPTN) announced its earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09, Zacks reports. SpartanNash had a return on equity of 8.57% and a net margin of 0.48%. During the same quarter in the prior year, the business posted $0.35 earnings per share. SpartanNash updated its FY 2025 guidance to 1.600-1.850 EPS.

SpartanNash Trading Up 11.7 %

NASDAQ:SPTN traded up $2.20 on Wednesday, hitting $21.03. 224,866 shares of the stock were exchanged, compared to its average volume of 243,732. The stock has a market capitalization of $709.80 million, a price-to-earnings ratio of 15.80 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.83 and a current ratio of 1.62. The company’s 50-day moving average price is $18.51 and its 200 day moving average price is $20.00.

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 dividend on an annualized basis and a dividend yield of 4.14%. SpartanNash’s dividend payout ratio is 65.41%.

Analyst Ratings Changes

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

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.