SUPERVALU (SVU) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. SVU reported $0.10 EPS for the quarter. Analysts had a consensus estimate of $0.10. The company posted revenue of $3865.00 million in the period, compared to analysts expectations of $3937.27 million. SVU’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
Many Wall Street Analysts have commented on SUPERVALU. Shares were Reiterated by Telsey Advisory Group on Sep 9, 2016 to “Market Perform” and Lowered the Price Target to $ 5.50 from a previous price target of $6.50 .Shares were Reiterated by RBC Capital Mkts on Sep 9, 2016 to “Sector Perform” and Lowered the Price Target to $ 6 from a previous price target of $7 .Company shares were Reiterated by Telsey Advisory Group on Aug 15, 2016 to “Market Perform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $5 .
SUPERVALU opened for trading at $4.94 and hit $5.08 on the upside on Friday, eventually ending the session at $5.01, with a gain of 1.62% or 0.08 points. The heightened volatility saw the trading volume jump to 17,00,763 shares. Company has a market cap of $1,332 M.
In a different news, on Nov 27, 2015, Wayne C Sales (director) sold 533,682 shares at $7.05 per share price. According to the SEC, on Nov 10, 2015, Luzuriaga Francesca Ruiz De (director) purchased 5,000 shares at $6.41 per share price.
SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company to which it provides wholesale distribution and Retail Food which is engaged in the sale of groceries and other products at retail locations operated by the Company.