Zacks: Brokerages Anticipate Sprouts Farmers Market Inc (NASDAQ:SFM) to Post $0.14 Earnings Per Share

Equities analysts expect Sprouts Farmers Market Inc (NASDAQ:SFM) to post earnings per share (EPS) of $0.14 for the current quarter, Zacks reports. Four analysts have made estimates for Sprouts Farmers Market’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.15. Sprouts Farmers Market posted earnings per share of $0.19 in the same quarter last year, which would indicate a negative year over year growth rate of 26.3%. The firm is scheduled to announce its next earnings report on Thursday, February 20th.

On average, analysts expect that Sprouts Farmers Market will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.12 to $1.13. For the next fiscal year, analysts forecast that the company will report earnings of $1.14 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Sprouts Farmers Market had a return on equity of 25.50% and a net margin of 2.36%. Sprouts Farmers Market’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share.

SFM has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded shares of Sprouts Farmers Market from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $19.00 in a research report on Friday, August 2nd. Northcoast Research upgraded shares of Sprouts Farmers Market from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, August 15th. ValuEngine upgraded shares of Sprouts Farmers Market from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cfra lowered shares of Sprouts Farmers Market from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Zacks Investment Research lowered shares of Sprouts Farmers Market from a “hold” rating to a “sell” rating and set a $20.00 price objective for the company. in a report on Wednesday, October 23rd. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $21.82.

A number of large investors have recently added to or reduced their stakes in SFM. Renaissance Technologies LLC boosted its holdings in shares of Sprouts Farmers Market by 24.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,964,500 shares of the company’s stock valued at $112,669,000 after acquiring an additional 1,183,000 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Sprouts Farmers Market by 792.2% during the second quarter. Nuveen Asset Management LLC now owns 1,296,570 shares of the company’s stock worth $24,492,000 after buying an additional 1,151,243 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Sprouts Farmers Market by 397.4% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,232,124 shares of the company’s stock worth $23,275,000 after buying an additional 984,434 shares in the last quarter. First Trust Advisors LP boosted its holdings in Sprouts Farmers Market by 746.2% during the third quarter. First Trust Advisors LP now owns 873,541 shares of the company’s stock worth $16,894,000 after buying an additional 770,309 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. boosted its holdings in Sprouts Farmers Market by 136.2% during the third quarter. Penn Davis Mcfarland Inc. now owns 1,111,361 shares of the company’s stock worth $21,494,000 after buying an additional 640,786 shares in the last quarter. 93.62% of the stock is currently owned by institutional investors.

Shares of SFM traded up $0.08 during mid-day trading on Friday, reaching $19.94. 1,080,900 shares of the stock traded hands, compared to its average volume of 1,626,140. Sprouts Farmers Market has a 1 year low of $16.46 and a 1 year high of $28.42. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 2.80 and a beta of 0.37. The firm has a fifty day moving average price of $19.02 and a 200 day moving average price of $19.20. The company has a current ratio of 0.87, a quick ratio of 0.27 and a debt-to-equity ratio of 2.92.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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