Brokerages expect Sprouts Farmers Market Inc (NASDAQ:SFM) to announce earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Sprouts Farmers Market’s earnings, with estimates ranging from $0.29 to $0.32. Sprouts Farmers Market posted earnings of $0.32 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, August 1st.

On average, analysts expect that Sprouts Farmers Market will report full year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.24. For the next fiscal year, analysts anticipate that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.18 to $1.41. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Sprouts Farmers Market.

Sprouts Farmers Market (NASDAQ:SFM) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $413.90 million for the quarter, compared to the consensus estimate of $1.41 billion. Sprouts Farmers Market had a net margin of 2.78% and a return on equity of 26.41%. The firm’s revenue for the quarter was down 67.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS.

Several brokerages recently issued reports on SFM. BidaskClub downgraded shares of Wright Medical Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Sanford C. Bernstein upgraded shares of Sprouts Farmers Market from an “underperform” rating to a “market perform” rating and set a $23.00 price target on the stock in a research report on Monday, June 24th. CIBC reiterated an “average” rating and set a $55.00 price target on shares of Fortis in a research report on Tuesday, July 23rd. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Finally, Oppenheimer upped their price target on shares of Lendingtree from $440.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.51.

A number of large investors have recently made changes to their positions in the business. Clearbridge Investments LLC raised its holdings in Sprouts Farmers Market by 1.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,674,551 shares of the company’s stock worth $79,150,000 after purchasing an additional 47,837 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Sprouts Farmers Market by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,763,323 shares of the company’s stock worth $64,965,000 after acquiring an additional 130,215 shares during the last quarter. Victory Capital Management Inc. increased its stake in Sprouts Farmers Market by 4.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,364,741 shares of the company’s stock worth $50,936,000 after acquiring an additional 96,291 shares during the last quarter. Norges Bank purchased a new position in shares of Sprouts Farmers Market in the 4th quarter worth about $41,565,000. Finally, FMR LLC boosted its holdings in shares of Sprouts Farmers Market by 18.4% in the 1st quarter. FMR LLC now owns 1,549,395 shares of the company’s stock worth $33,375,000 after purchasing an additional 240,447 shares in the last quarter. 98.63% of the stock is owned by hedge funds and other institutional investors.

NASDAQ SFM traded down $0.36 on Wednesday, hitting $17.13. 357,741 shares of the company were exchanged, compared to its average volume of 1,548,001. The firm’s 50 day simple moving average is $19.03. The company has a market cap of $2.06 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.81 and a beta of 0.43. The company has a current ratio of 0.88, a quick ratio of 0.20 and a debt-to-equity ratio of 2.84. Sprouts Farmers Market has a 1-year low of $16.66 and a 1-year high of $29.67.

Sprouts Farmers Market Company Profile

Sprouts Farmers Market, Inc, a healthy grocery store, provides fresh, natural, and organic food products in the United States. Its stores offer fresh produce, bulk foods, vitamins and supplements, packaged groceries, meat and seafood, baked goods, dairy products, frozen foods, beer and wine, natural body care and household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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