Supervalu (NYSE:SVU) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Supervalu (NYSE:SVU) announced its quarterly earnings data on Wednesday, January 10th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.13, Bloomberg Earnings reports. The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4 billion. Supervalu had a net margin of 4.17% and a return on equity of 26.48%. The company’s revenue was up 31.2% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS.

Shares of Supervalu (NYSE:SVU) opened at $16.24 on Wednesday. The stock has a market cap of $627.21, a PE ratio of 1.02 and a beta of 2.29. The company has a quick ratio of 0.47, a current ratio of 1.24 and a debt-to-equity ratio of 4.65. Supervalu has a twelve month low of $14.55 and a twelve month high of $31.29.

Several brokerages have recently commented on SVU. Zacks Investment Research downgraded shares of Supervalu from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Northcoast Research reaffirmed a “neutral” rating on shares of Supervalu in a research note on Thursday, October 19th. Royal Bank of Canada set a $34.00 target price on shares of Supervalu and gave the company a “buy” rating in a research note on Thursday, January 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective (down from $24.00) on shares of Supervalu in a research note on Thursday, January 11th. Finally, ValuEngine raised shares of Supervalu from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Supervalu has an average rating of “Hold” and a consensus price target of $24.69.

Several institutional investors have recently added to or reduced their stakes in SVU. Russell Investments Group Ltd. lifted its holdings in shares of Supervalu by 356.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 130,500 shares of the company’s stock worth $429,000 after acquiring an additional 101,890 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Supervalu by 59.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,769,774 shares of the company’s stock worth $9,113,000 after acquiring an additional 1,030,762 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Supervalu by 0.6% in the 2nd quarter. Rhumbline Advisers now owns 538,755 shares of the company’s stock worth $1,773,000 after acquiring an additional 3,089 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Supervalu by 103.7% in the 2nd quarter. SG Americas Securities LLC now owns 89,581 shares of the company’s stock worth $295,000 after acquiring an additional 45,607 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Supervalu by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 1,220,105 shares of the company’s stock worth $4,011,000 after acquiring an additional 10,266 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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About Supervalu

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Earnings History for Supervalu (NYSE:SVU)

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