Smart & Final Stores (SFS) Releases FY18 Earnings Guidance

Smart & Final Stores (NYSE:SFS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.42-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.52. The company issued revenue guidance of $4.75-4.80 billion, compared to the consensus revenue estimate of $4.82 billion.

Smart & Final Stores (SFS) traded down $0.15 on Wednesday, hitting $7.30. 378,910 shares of the company were exchanged, compared to its average volume of 373,039. The company has a quick ratio of 0.29, a current ratio of 0.92 and a debt-to-equity ratio of 1.11. Smart & Final Stores has a 12 month low of $5.80 and a 12 month high of $13.95. The firm has a market cap of $529.08, a price-to-earnings ratio of 72.20, a PEG ratio of 3.43 and a beta of 0.99.

A number of equities research analysts recently weighed in on SFS shares. Zacks Investment Research lowered shares of Smart & Final Stores from a hold rating to a sell rating in a report on Tuesday, November 21st. JPMorgan Chase & Co. started coverage on shares of Smart & Final Stores in a report on Tuesday, December 5th. They issued a neutral rating and a $9.00 target price on the stock. Barclays upgraded shares of Smart & Final Stores from an equal weight rating to an overweight rating and upped their target price for the stock from $8.00 to $12.00 in a report on Tuesday, January 16th. ValuEngine lowered shares of Smart & Final Stores from a hold rating to a sell rating in a report on Friday, November 17th. Finally, Deutsche Bank decreased their price objective on shares of Smart & Final Stores from $12.00 to $10.00 and set a buy rating for the company in a research note on Thursday, November 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. Smart & Final Stores has a consensus rating of Hold and a consensus target price of $10.83.

In other Smart & Final Stores news, EVP Scott R. Drew sold 36,560 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $8.99, for a total value of $328,674.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.47% of the company’s stock.

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Smart & Final Stores Company Profile

Smart & Final Stores, Inc is a food retailer. The Company is engaged in the business of selling fresh perishables and everyday grocery items, together with foodservice, packaging and janitorial products. The Company operates through two segments: Smart & Final, and Cash and Carry. The Smart & Final segment focuses on both household and business customers.

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