SuperValu (NYSE:SVU) released its quarterly earnings results on Tuesday. The company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.18), Bloomberg Earnings reports. SuperValu had a net margin of 4.17% and a return on equity of 26.48%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.93 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm’s quarterly revenue was up 42.1% on a year-over-year basis.
Shares of NYSE:SVU opened at $14.61 on Wednesday. The company has a market capitalization of $562.30, a P/E ratio of 5.61 and a beta of 1.29. The company has a current ratio of 1.24, a quick ratio of 0.47 and a debt-to-equity ratio of 4.65. SuperValu has a 1 year low of $13.60 and a 1 year high of $31.29.
SVU has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of SuperValu from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Monday, April 9th. Goldman Sachs set a $14.00 price objective on shares of SuperValu and gave the company a “sell” rating in a research note on Thursday, April 5th. Credit Suisse Group initiated coverage on shares of SuperValu in a research note on Tuesday, April 17th. They issued an “underperform” rating and a $15.00 price objective on the stock. Royal Bank of Canada set a $34.00 price objective on shares of SuperValu and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective (down from $24.00) on shares of SuperValu in a research note on Thursday, January 11th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.94.
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SUPERVALU INC., together with its subsidiaries, operates as a grocery wholesaler and retailer in the United States. The company operates through two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store operators, regional chains, and the military.
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