Smart & Final Stores Inc (SFS) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.08 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.09. The company posted revenue of $908.50 million in the period, compared to analysts expectations of $935.69 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Smart & Final Stores Inc. Shares were Reiterated by RBC Capital Mkts on Mar 16, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $23 .
Smart & Final Stores Inc opened for trading at $15.95 and hit $16.57 on the upside on Monday, eventually ending the session at $16.54, with a gain of 3.89% or 0.62 points. The heightened volatility saw the trading volume jump to 2,00,909 shares. Company has a market cap of $1,218 M.
In a different news, on Apr 27, 2016, David G. Hirz (President & CEO) sold 226 shares at $16.25 per share price. According to the SEC, on Dec 28, 2015, Eleanor Hong (Senior VP and CMO) sold 18,415 shares at $18.00 per share price. On Apr 24, 2015, Norman Axelrod (director) sold 1,550 shares at $18.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Smart & Final Stores Inc. is a food retailer serving household and business customers through two store banners: Smart & Final and Cash & Carry. The Company operates through two business segments: Smart & Final and Cash & Carry. The Smart & Final segment is based in Commerce California and includes as of December 28 2014 103 legacy Smart & Final stores and 98 Extra! format stores which focus on household and business customers and are located in California Arizona and Nevada. The Cash & Carry segment is based in Portland Oregon and includes as of December 28 2014 53 Cash & Carry stores which focus primarily on business customers and are located in Washington Oregon Northern California Idaho and Nevada.