Sprouts Farmers Market (SFM) to Release Earnings on Thursday

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Sprouts Farmers Market (NASDAQ:SFM) will post its quarterly earnings results after the market closes on Thursday, May 6th. Analysts expect Sprouts Farmers Market to post earnings of $0.65 per share for the quarter. Sprouts Farmers Market has set its FY 2021
After-Hours guidance at 1.78-1.91 EPS and its FY21 guidance at $1.78-1.91 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Sprouts Farmers Market (NASDAQ:SFM) last posted its earnings results on Thursday, February 25th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.20. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Sprouts Farmers Market had a net margin of 4.02% and a return on equity of 36.51%. On average, analysts expect Sprouts Farmers Market to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

SFM stock opened at $26.09 on Wednesday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.23 and a beta of 0.29. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. Sprouts Farmers Market has a 12 month low of $18.21 and a 12 month high of $28.63. The firm has a 50-day moving average price of $26.23 and a 200-day moving average price of $22.33.

In related news, insider Brandon F. Lombardi sold 4,482 shares of the company’s stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $23.80, for a total transaction of $106,671.60. Following the completion of the transaction, the insider now owns 29,863 shares in the company, valued at $710,739.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Sprouts Farmers Market from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 26th. Zacks Investment Research upgraded shares of Sprouts Farmers Market from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, March 1st. Finally, Jefferies Financial Group reiterated a “neutral” rating on shares of Sprouts Farmers Market in a report on Monday, March 15th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Sprouts Farmers Market has an average rating of “Hold” and an average target price of $24.38.

About Sprouts Farmers Market

Sprouts Farmers Market, Inc offers fresh, natural, and organic food products in the United States. It operates through Healthy Grocery Stores segment. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care.

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Earnings History for Sprouts Farmers Market (NASDAQ:SFM)

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