Equities research analysts predict that Simply Good Foods Co (NASDAQ:SMPL) will report earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Simply Good Foods’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.17. Simply Good Foods reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 23rd.

On average, analysts expect that Simply Good Foods will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.65 to $0.74. For the next year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Simply Good Foods.

Simply Good Foods (NASDAQ:SMPL) last released its earnings results on Tuesday, July 2nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $139.50 million during the quarter, compared to analyst estimates of $120.85 million. Simply Good Foods had a return on equity of 6.81% and a net margin of 10.79%. Simply Good Foods’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share.

SMPL has been the topic of several research analyst reports. Deutsche Bank upgraded Elis from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. SunTrust Banks reiterated a “hold” rating and issued a $25.00 price objective on shares of Simply Good Foods in a research note on Wednesday, July 3rd. Buckingham Research set a $34.00 price objective on Greenbrier Companies and gave the company a “hold” rating in a research note on Wednesday, July 3rd. DA Davidson initiated coverage on Nomad Foods in a research note on Wednesday, June 19th. They issued a “buy” rating and a $26.00 price objective on the stock. Finally, ValuEngine upgraded Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.00.

Shares of SMPL stock traded up $0.36 during trading on Thursday, hitting $27.49. The company’s stock had a trading volume of 8,627 shares, compared to its average volume of 626,706. The company has a market cap of $2.26 billion, a P/E ratio of 47.33 and a beta of 0.84. The company has a current ratio of 8.63, a quick ratio of 7.57 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average is $25.72. Simply Good Foods has a 52 week low of $16.40 and a 52 week high of $28.06.

In other Simply Good Foods news, COO Hanno E. Holm sold 15,983 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $26.88, for a total transaction of $429,623.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Hanno E. Holm sold 1,750 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $27.87, for a total value of $48,772.50. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of SMPL. Quantamental Technologies LLC purchased a new stake in shares of Simply Good Foods during the first quarter worth $30,000. Lavaca Capital LLC purchased a new stake in shares of Simply Good Foods during the first quarter worth $88,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Simply Good Foods during the first quarter worth $92,000. Diversified Trust Co purchased a new stake in shares of Simply Good Foods during the first quarter worth $203,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Simply Good Foods during the second quarter worth $205,000. Hedge funds and other institutional investors own 85.45% of the company’s stock.

About Simply Good Foods

The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.

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Earnings History and Estimates for Simply Good Foods (NASDAQ:SMPL)

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