The Simply Good Foods Company [NASDAQ:SMPL] will report earnings after markets close on Wednesday, January 6th.
SMPL Earnings Forecast For The Current Quarter
The Simply Good Foods Company [SMPL] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $209.72M and an earnings per share of $0.21 for Nov 2020. Looking further ahead, the company is expected to report revenue of $224.08M at an EPS of $0.23 for Feb 2021. The estimates represent 6.70% and 14.15% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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SMPL Earnings Estimates For The Current Year
For the financial year, The Simply Good Foods Company [NASDAQ:SMPL] is expected to bring in revenue of $902.65M. The returns are nearly $86.01 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.97, higher than that of FY20 by $0.04. Estimates put this year’s earnings growth at 4.30%, 13.40% for the next, and at an annual 6.00% over the next 5-year period. As for sales, forecasts are for an increase of 10.50% in the current fiscal year and a further 6.70% over the following year.
SMPL Price Performance
On Wall Street, The Simply Good Foods Company [NASDAQ:SMPL] finished Monday’s session down -5.26% at $29.71. The stock went up to $32.03 at the same session while its lowest single day price was $29.52. In the last five days, it saw a fall of about -0.60%, The Simply Good Foods Company shares dropped by almost -5.26% since the beginning of the year. However, the share price has dropped to as low as -5.68% below its one year high. On 01/04/21, the company shares recorded $32.03, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $29.52. The company’s shares have inclined by 5.47% in the past year. The 50-day SMA achieved is $23.81 while the 200-day SMA is $21.27. Volume dropped to 1.34 million from 1.37 million in the previous session.
The Simply Good Foods Company [SMPL] Valuation Measures
Notably, The Simply Good Foods Company [SMPL] stock cannot be classified as a good candidate in the listing of underestimated low-priced Packaged Foods companies to purchase soonest possible with the prevailing 12-month PE ratio of 86.37. The measure means the stock is exchanging at a premium as compared to the 20.05x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.37 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.06 which means SMPL serve an unattractive investment opportunity compared to its competitors.
SMPL Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 28.81 level, and in case of violation of this particular level, it will cause more drop to 27.91 level. On the upper level, 32.93 is still the key resistance. The stock may increase to the subsequent resistance at 31.32. The Relative Strength Index (RSI) pinned on the 14-day chart is 68.60, implying a neutral technical stance while the MACD stands at 2.38, meaning price will increase in the next trading period. Percent R indicator moved to 31.52%, implying low price movement. Stochastic %K at 88.19% suggest selling the stock.
Is The Simply Good Foods Company [NASDAQ:SMPL] a Good Buy Right Now?
It should be noted that SMPL technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 24% Buy in the past month. Data from The Simply Good Foods Company’s Trend Spotter indicated that the signals were Weakest. The stock current average is 1.9 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.41 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.95 million shares.
What is the short interest in The Simply Good Foods Company?
Short interest in the The Simply Good Foods Company stock has surged, increasing by 70000.0 shares to total 3.23 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 3.3 million, data from Yahoo Finance shows. The decrease of -2.17% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 4.17% of the overall float for the stock.
The Simply Good Foods Company’s Biggest Shareholders: Who Owns The Simply Good Foods Company [SMPL]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 7,544,683 shares or roughly 7.89% of the outstanding SMPL shares. This means their shares have reduced by -314,697 from the 7,544,683 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $110,472,788. Details in the latest 13F filings reveal that Capital Research & Management Co disposed off their 0.00% stake valued at $107,634,740 while Champlain Investment Partners LLC added theirs at $97,420,527. During the last quarter, Capital Research & Management Co liquidated 0 of its shares in The Simply Good Foods Company while Champlain Investment Partners LLC bought 40,650 shares. The Silvercrest Asset Management Grou’s holdings currently number 4,074,560 shares at $121055177.6. According to the firm’s last 13F report, Wellington Management Co. LLP shares in the company at filing stood at 3,861,303 shares, roughly $83,944,727.
What are analyst thoughts on The Simply Good Foods Company?
Looking forward to the The Simply Good Foods Company share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for The Simply Good Foods Company stock at $27.00 within the next 12 months, which represents almost -10.04 per cent growth from its previous closing price of $29.71. The highest analysts’ target for The Simply Good Foods Company stock projections is $34.00 and the lowest one is $25.00. Still, 14 analysts sharing their consensus rating for SMPL stock in 2021 agree that it is a Buy.