Simply Good Foods (NASDAQ:SMPL) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.11, MarketWatch Earnings reports. The firm had revenue of $215.10 million for the quarter, compared to analyst estimates of $208.10 million. Simply Good Foods had a return on equity of 5.90% and a net margin of 3.86%. The business’s quarterly revenue was up 54.2% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. Simply Good Foods updated its FY 2020
Pre-Market guidance to 0.86-0.90 EPS and its FY20 guidance to $0.86-0.90 EPS.
Shares of Simply Good Foods stock opened at $22.18 on Thursday. The company has a quick ratio of 2.10, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. Simply Good Foods has a twelve month low of $14.08 and a twelve month high of $31.34. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 76.49 and a beta of 0.61. The company’s 50 day moving average is $17.77 and its 200 day moving average is $20.41.
In other Simply Good Foods news, Director James M. Kilts purchased 87,862 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $17.68 per share, for a total transaction of $1,553,400.16. Following the completion of the transaction, the director now owns 961,268 shares of the company’s stock, valued at $16,995,218.24. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian K. Ratzan acquired 15,000 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were acquired at an average cost of $16.00 per share, with a total value of $240,000.00. Following the transaction, the director now owns 81,254 shares in the company, valued at $1,300,064. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 138,149 shares of company stock valued at $2,384,222. Company insiders own 3.00% of the company’s stock.
Simply Good Foods Company Profile
The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally. It markets nutrition bars, ready-to-drink shakes, snacks, and confectionery products under the Atkins, SimplyProtein, Atkins Harvest Trail, and Atkins Endulge brand names.
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