Equities research analysts forecast that Simply Good Foods Co (NASDAQ:SMPL) will report sales of $107.72 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Simply Good Foods’ earnings, with the lowest sales estimate coming in at $105.36 million and the highest estimate coming in at $112.00 million. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Simply Good Foods will report full year sales of $430.88 million for the current year, with estimates ranging from $428.53 million to $435.10 million. For the next financial year, analysts expect that the company will report sales of $455.77 million per share, with estimates ranging from $447.82 million to $469.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Simply Good Foods.
Simply Good Foods (NASDAQ:SMPL) last issued its quarterly earnings data on Tuesday, July 10th. The financial services provider reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Simply Good Foods had a net margin of 10.02% and a return on equity of 2.44%. The firm had revenue of $107.20 million for the quarter, compared to analyst estimates of $102.24 million. The business’s quarterly revenue was up 11.1% on a year-over-year basis.
A number of brokerages have commented on SMPL. Consumer Edge began coverage on shares of Simply Good Foods in a report on Monday, July 2nd. They set an “outperform” rating on the stock. Zacks Investment Research raised shares of Simply Good Foods from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, July 11th. Stifel Nicolaus increased their price objective on shares of Simply Good Foods from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Finally, SunTrust Banks increased their price objective on shares of Simply Good Foods to $20.00 and gave the stock a “buy” rating in a report on Wednesday, July 11th. Seven research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $16.83.
A number of large investors have recently modified their holdings of SMPL. Bank of Montreal Can bought a new stake in Simply Good Foods during the 2nd quarter worth about $124,000. Cubist Systematic Strategies LLC acquired a new position in Simply Good Foods during the 1st quarter valued at about $143,000. Legal & General Group Plc lifted its position in Simply Good Foods by 979.2% during the 2nd quarter. Legal & General Group Plc now owns 9,907 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 8,989 shares during the period. WINTON GROUP Ltd acquired a new position in Simply Good Foods during the 1st quarter valued at about $162,000. Finally, SG Americas Securities LLC acquired a new position in Simply Good Foods during the 2nd quarter valued at about $179,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SMPL traded up $0.21 during mid-day trading on Thursday, reaching $17.85. 312,118 shares of the company were exchanged, compared to its average volume of 559,928. Simply Good Foods has a 12 month low of $10.93 and a 12 month high of $18.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 5.88 and a quick ratio of 5.01.
Simply Good Foods Company Profile
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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