Brokerages Expect Smart & Final Stores Inc (SFS) Will Announce Earnings of $0.12 Per Share

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Wall Street analysts expect that Smart & Final Stores Inc (NYSE:SFS) will report earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Smart & Final Stores’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.14. Smart & Final Stores reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The company is scheduled to announce its next earnings results on Wednesday, March 13th.

According to Zacks, analysts expect that Smart & Final Stores will report full year earnings of $0.47 per share for the current financial year, with EPS estimates ranging from $0.46 to $0.48. For the next financial year, analysts expect that the business will report earnings of $0.45 per share, with EPS estimates ranging from $0.44 to $0.47. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Smart & Final Stores.

Smart & Final Stores (NYSE:SFS) last posted its quarterly earnings data on Wednesday, November 14th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.06. Smart & Final Stores had a negative net margin of 2.91% and a positive return on equity of 7.00%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year.

Several research firms have recently commented on SFS. ValuEngine lowered shares of Smart & Final Stores from a “sell” rating to a “strong sell” rating in a research note on Monday, October 29th. Buckingham Research started coverage on shares of Smart & Final Stores in a report on Thursday. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research cut shares of Smart & Final Stores from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.13.

Shares of NYSE SFS traded up $0.10 during midday trading on Monday, hitting $6.58. The company’s stock had a trading volume of 446,000 shares, compared to its average volume of 489,225. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.34 and a current ratio of 1.04. Smart & Final Stores has a 1 year low of $4.45 and a 1 year high of $9.00. The firm has a market cap of $509.27 million, a price-to-earnings ratio of 19.35, a PEG ratio of 7.20 and a beta of 1.76.

In related news, SVP Michael A. Mortensen sold 21,977 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $6.32, for a total value of $138,894.64. Following the sale, the senior vice president now owns 76,707 shares of the company’s stock, valued at $484,788.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 9.63% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new stake in Smart & Final Stores in the fourth quarter valued at approximately $90,000. Jane Street Group LLC acquired a new stake in Smart & Final Stores in the third quarter valued at approximately $120,000. Panagora Asset Management Inc. acquired a new stake in Smart & Final Stores in the third quarter valued at approximately $141,000. Dynamic Technology Lab Private Ltd acquired a new stake in Smart & Final Stores in the third quarter valued at approximately $155,000. Finally, Rhumbline Advisers raised its holdings in Smart & Final Stores by 44.5% in the fourth quarter. Rhumbline Advisers now owns 32,495 shares of the company’s stock valued at $154,000 after acquiring an additional 10,007 shares in the last quarter. 94.23% of the stock is currently owned by hedge funds and other institutional investors.

About Smart & Final Stores

Smart & Final Stores, Inc operates as a food retailer in the United States. It operates in two segments, Smart & Final, and Cash & Carry Smart Foodservice. The company's stores offer fresh perishables and everyday grocery items, such as produce, meat and deli, dairy and cheese, grocery, and beverage products, as well as paper and packaging, and restaurant equipment and janitorial supplies.

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