SpartanNash (NASDAQ:SPTN) Issues Quarterly Earnings Results

SpartanNash (NASDAQ:SPTN) released its earnings results on Wednesday. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09, Zacks reports. SpartanNash had a net margin of 0.48% and a return on equity of 8.57%. SpartanNash updated its FY 2025 guidance to 1.600-1.850 EPS.

SpartanNash Stock Up 9.6 %

Shares of NASDAQ:SPTN traded up $1.80 on Wednesday, hitting $20.63. 117,927 shares of the company traded hands, compared to its average volume of 239,739. The stock has a 50 day simple moving average of $18.51 and a 200-day simple moving average of $20.01. The company has a quick ratio of 0.83, a current ratio of 1.62 and a debt-to-equity ratio of 0.80. The company has a market cap of $696.54 million, a PE ratio of 15.47 and a beta of 0.34. SpartanNash has a 52 week low of $17.30 and a 52 week high of $23.00.

SpartanNash Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.2175 dividend. This represents a $0.87 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Monday, December 9th. SpartanNash’s dividend payout ratio (DPR) is 65.41%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of SpartanNash from a “buy” rating to a “hold” rating in a report on Thursday, January 30th.

About SpartanNash

SpartanNash Company distributes and retails grocery products in the United States of America. It operates through Wholesale and Retail segments. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmaceutical products to independent retailers, national accounts, food service distributors, e-commerce providers, and corporate owned retail stores.