Northcoast Research Comments on SuperValu Inc.’s Q2 2018 Earnings (SVU)

SuperValu Inc. (NYSE:SVU) – Equities researchers at Northcoast Research decreased their Q2 2018 earnings per share estimates for SuperValu in a report released on Wednesday. Northcoast Research analyst C. Cerankosky now anticipates that the company will earn $0.30 per share for the quarter, down from their prior forecast of $0.56. Northcoast Research also issued estimates for SuperValu’s Q3 2018 earnings at $0.30 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $2.13 EPS and FY2019 earnings at $2.78 EPS.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of SuperValu from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and issued a $42.00 price objective on shares of SuperValu in a research report on Tuesday, May 30th. ValuEngine lowered shares of SuperValu from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Guggenheim reissued a “neutral” rating on shares of SuperValu in a research report on Monday, May 1st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $24.50 price objective (down from $31.50) on shares of SuperValu in a research report on Monday, June 19th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.08.

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SuperValu (SVU) traded up 2.50% during mid-day trading on Monday, hitting $25.03. The company had a trading volume of 265,854 shares. SuperValu has a 1-year low of $2.90 and a 1-year high of $40.18. The stock has a 50 day moving average price of $3.33 and a 200-day moving average price of $3.73.

SuperValu (NYSE:SVU) last posted its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.91 billion. SuperValu had a return on equity of 220.54% and a net margin of 4.46%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 earnings per share.

Institutional investors have recently modified their holdings of the company. Wedge Capital Management L L P NC raised its position in shares of SuperValu by 27.9% in the first quarter. Wedge Capital Management L L P NC now owns 67,150 shares of the company’s stock worth $259,000 after buying an additional 14,631 shares during the period. Wells Fargo & Company MN raised its position in shares of SuperValu by 15.2% in the first quarter. Wells Fargo & Company MN now owns 3,765,448 shares of the company’s stock worth $14,534,000 after buying an additional 498,007 shares during the period. Greenwich Wealth Management LLC raised its position in shares of SuperValu by 9.8% in the first quarter. Greenwich Wealth Management LLC now owns 127,700 shares of the company’s stock worth $493,000 after buying an additional 11,444 shares during the period. First Midwest Bank Trust Division bought a new position in shares of SuperValu during the first quarter worth approximately $393,000. Finally, Sigma Planning Corp raised its position in shares of SuperValu by 2.7% in the first quarter. Sigma Planning Corp now owns 40,059 shares of the company’s stock worth $155,000 after buying an additional 1,050 shares during the period. 80.47% of the stock is currently owned by institutional investors and hedge funds.

SuperValu Company Profile

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Earnings History and Estimates for SuperValu (NYSE:SVU)

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