SpartanNash (SPTN) to Release Quarterly Earnings on Thursday

SpartanNash (NASDAQ:SPTN) will 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 that are interested in registering for the company’s conference call can do so using this link.

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

SpartanNash Trading Up 0.4 %

Shares of SpartanNash stock traded up $0.09 on Tuesday, reaching $21.45. 3,444 shares of the company were exchanged, compared to its average volume of 244,697. The stock has a fifty day moving average price of $21.69 and a 200-day moving average price of $20.40. The firm has a market capitalization of $723.72 million, a price-to-earnings ratio of 16.06 and a beta of 0.39. 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 fifty-two week low of $17.74 and a fifty-two week high of $24.51.

SpartanNash Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SpartanNash from a “hold” rating to a “buy” rating in a research report 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.