SpartanNash Company (NASDAQ:SPTN) is set to announce third quarter earning results on Wednesday 11th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SPTN to report 3Q20 income of $ 0.62 per share.
For the full year, analysts anticipate top line of $ 9391.39 million, while looking forward to income of $ 2.55 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.40 ~ $ 2.60 per share
Click Here For More Historical Outlooks Of SpartanNash Company
Previous Quarter Performance
SpartanNash Company unfold income for the second quarter of $ 0.73 per share, from the revenue of $ 2,184.00 million. The quarterly earnings boosted 114.71 percent while revenues increased 9.42 percent compared with the same quarter last year.
Wall street analysts are predicting, SPTN to report 2Q20 income of $ 0.63 per share from revenue of $ 2256.66 million. The bottom line results beat street analysts by $ 0.1 or 15.87 percent, at the same time, top line results fell short of analysts by $ 72.66 million or 3.22 percent.
Stock Performance
Shares of SpartanNash Company traded up $ 0.60 or 3.35 percent on Tuesday, reaching $ 18.50 with volume of 649.70 thousand shares. SpartanNash Company has traded high as $ 18.52 and has cracked $ 17.82 on the downward trend
The closing price of $ 18.50, representing a 98.89 % increase from the 52 week low of $ 9.00 and a 25.23 % decrease over the 52 week high of $ 23.94.
The company has a market capital of $ 644.77 million and is part of the Consumer Defensive sector and Food Distribution industry.
Recent Stock Dividend Announcement
On August 24, 2020, the board of directors authorized quarterly dividend of $ 0.1925 per share to holders of record as of the close of business on September 11, 2020, with payment date of September 30, 2020 and ex-dividend date on September 10, 2020.
SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retailers, national retailers, food service distributors, e-commerce providers, and corporate owned retail stores.
