SpartanNash (SPTN) to Release Earnings on Wednesday

SpartanNash (NASDAQ:SPTN) is expected to be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect SpartanNash to post earnings of $0.33 per share and revenue of $2.25 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

SpartanNash Price Performance

SPTN stock opened at $18.51 on Tuesday. The stock has a market capitalization of $624.90 million, a price-to-earnings ratio of 13.92 and a beta of 0.34. The firm’s 50-day moving average price is $18.52 and its two-hundred day moving average price is $20.03. The company has a current ratio of 1.62, a quick ratio of 0.83 and a debt-to-equity ratio of 0.80. SpartanNash has a 12-month low of $17.30 and a 12-month high of $23.00.

SpartanNash Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were paid a dividend of $0.2175 per share. The ex-dividend date was Monday, December 9th. This represents a $0.87 annualized dividend and a dividend yield of 4.70%. SpartanNash’s dividend payout ratio (DPR) is presently 65.41%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including 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 pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.