Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.710-0.750 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of -. Sprouts Farmers Market also updated its FY 2024 guidance to 3.290-3.370 EPS.
Sprouts Farmers Market Stock Up 14.2 %
Shares of SFM traded up $12.05 during midday trading on Tuesday, hitting $96.71. The stock had a trading volume of 3,365,827 shares, compared to its average volume of 1,334,230. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 3.31 and a beta of 0.55. The company has a 50 day simple moving average of $80.67 and a two-hundred day simple moving average of $68.09. Sprouts Farmers Market has a twelve month low of $36.21 and a twelve month high of $103.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.19 and a quick ratio of 0.65.
Sprouts Farmers Market (NASDAQ:SFM – Get Free Report) last announced its earnings results on Monday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.16. Sprouts Farmers Market had a return on equity of 26.77% and a net margin of 4.25%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the firm earned $0.71 EPS. Sprouts Farmers Market’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, analysts anticipate that Sprouts Farmers Market will post 3.12 EPS for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Sprouts Farmers Market
Insiders Place Their Bets
In related news, SVP Kim Coffin sold 1,322 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the completion of the transaction, the senior vice president now owns 5,500 shares of the company’s stock, valued at $412,775. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Kim Coffin sold 1,322 shares of Sprouts Farmers Market stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.05, for a total value of $99,216.10. Following the transaction, the senior vice president now owns 5,500 shares in the company, valued at approximately $412,775. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Sinclair sold 5,718 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $77.07, for a total transaction of $440,686.26. Following the completion of the transaction, the chief executive officer now directly owns 256,716 shares of the company’s stock, valued at approximately $19,785,102.12. The disclosure for this sale can be found here. Insiders sold 66,147 shares of company stock worth $4,999,299 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.
Sprouts Farmers Market Company Profile
Sprouts Farmers Market, Inc, together with its subsidiaries, engages in the retailing of fresh, natural, and organic food products under the Sprouts brand in the United States. It offers perishable product categories, including fresh produce, meat and meat alternatives, 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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