The Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08, MarketWatch Earnings reports. The business had revenue of $231.20 million for the quarter, compared to analysts’ expectations of $209.65 million. The Simply Good Foods had a net margin of 3.87% and a return on equity of 6.03%. The business’s quarterly revenue was up 51.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.
Shares of SMPL traded down $0.33 on Thursday, reaching $29.73. The company’s stock had a trading volume of 21,098 shares, compared to its average volume of 1,314,143. The company has a current ratio of 3.20, a quick ratio of 2.24 and a debt-to-equity ratio of 0.51. The Simply Good Foods has a twelve month low of $14.08 and a twelve month high of $32.03. The stock has a market capitalization of $2.85 billion, a PE ratio of 101.60 and a beta of 0.78. The firm has a fifty day moving average of $25.80 and a 200-day moving average of $23.14.
In other The Simply Good Foods news, Director Robert G. Montgomery bought 2,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were bought at an average price of $18.98 per share, for a total transaction of $37,960.00. Following the acquisition, the director now directly owns 54,766 shares of the company’s stock, valued at approximately $1,039,458.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.
The Simply Good Foods Company Profile
The Simply Good Foods Company operates as a consumer packaged food and beverage company in North America and internationally. The company develops, markets, and sells snacks and meal replacements. It offers primarily nutrition bars, ready-to-drink (RTD) shakes, sweet and salty snacks, protein bars, cookies, pizza, protein chips, recipes, and confectionery products, as well as licensed frozen meals under the Atkins, Atkins Endulge, and Quest brand names.
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