SpartanNash (SPTN) Projected to Post Earnings on Wednesday

SpartanNash (NASDAQ:SPTN) is anticipated to post its quarterly earnings results 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. Parties that are interested in participating in the company’s conference call can do so using this link.

SpartanNash Stock Performance

Shares of SPTN stock opened at $18.51 on Tuesday. The company’s fifty day moving average price is $18.52 and its 200-day moving average price is $20.03. The stock has a market cap of $624.90 million, a PE ratio of 13.92 and a beta of 0.34. 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 disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.2175 per share. This represents a $0.87 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash’s payout ratio is currently 65.41%.

Analyst Upgrades and Downgrades

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

SpartanNash Company Profile

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.