Wall Street analysts forecast that Simply Good Foods Co (NASDAQ:SMPL) will announce sales of $107.72 million for the current quarter, according to Zacks. Three analysts have provided estimates for Simply Good Foods’ earnings, with estimates ranging from $105.36 million to $112.00 million. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Simply Good Foods will report full-year sales of $430.88 million for the current fiscal year, with estimates ranging from $428.53 million to $435.10 million. For the next financial year, analysts expect that the firm will post sales of $455.77 million per share, with estimates ranging from $447.82 million to $469.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last released its quarterly earnings results on Tuesday, July 10th. The financial services provider reported $0.10 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. The business had revenue of $107.20 million for the quarter, compared to analysts’ expectations of $102.24 million. Simply Good Foods’s revenue for the quarter was up 11.1% compared to the same quarter last year.
Several equities analysts recently weighed in on SMPL shares. Stifel Nicolaus increased their price objective on shares of Simply Good Foods from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. SunTrust Banks increased their price objective on shares of Simply Good Foods to $20.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Zacks Investment Research lowered shares of Simply Good Foods from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Consumer Edge started coverage on shares of Simply Good Foods in a report on Monday, July 2nd. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a buy rating, Simply Good Foods presently has a consensus rating of “Buy” and an average price target of $17.33.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in Simply Good Foods in the second quarter valued at approximately $124,000. Legal & General Group Plc lifted its holdings in Simply Good Foods by 979.2% in the second quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after buying an additional 8,989 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Simply Good Foods in the first quarter valued at approximately $143,000. WINTON GROUP Ltd acquired a new position in Simply Good Foods in the first quarter valued at approximately $162,000. Finally, SG Americas Securities LLC acquired a new position in Simply Good Foods in the second quarter valued at approximately $179,000. Institutional investors and hedge funds own 91.80% of the company’s stock.
Shares of SMPL traded up $0.03 during mid-day trading on Wednesday, hitting $18.04. 721,601 shares of the company traded hands, compared to its average volume of 353,145. Simply Good Foods has a one year low of $11.01 and a one year high of $18.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.88 and a quick ratio of 5.01.
About Simply Good Foods
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. The company markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Endulge, and Atkins Harvest Trail brand names.
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