Economy

Albertsons in Merger Talks with Sprouts

Albertsons in Merger Talks with Sprouts

While the actual EPS the company reported in the same quarter previous year was 0.3/share.

U.S. denies targeting Syrian mosque where dozens of people died in airstrike
The White Helmets in Aleppo, a volunteer civil defense organization, has released videos of rescues after the airstrike. Much of the building, identified by a black placard outside as a mosque, had been flattened.

Many analysts are providing their Estimated Earnings analysis for Sprouts Farmers Market, Inc. and for the current quarter 19 analysts have projected that the stock could give an Average Earnings estimate of $0.3/share. During the same quarter a year ago, the business posted $0.18 EPS. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Sprouts Farmers Market by 6.7% in the fourth quarter. According to these analysts, the Low Revenue Estimate for Sprouts Farmers Market, Inc.is 1.09 Billion and the High Revenue Estimate is 1.13 Billion. This number is derived from the total net income divided by shares outstanding.

ARM unveils Dynamiq multicore chip designs for faster AI and cloud computing
The DynamIQ cluster technology will allow up to eight completely different cores to be used in a big.LITTLE style. For every industry ARM expects DynamIQ to touch, artificial intelligence is expected to play a key role.

These analysts also forecasted Growth Estimates for the Current Quarter for SFM to be 0%. The company projects a long term annual growth estimate of 10.21 percent.

United Kingdom to launch Brexit process on March 29
May embarked Monday on a tour of Britain as part of ongoing engagements with devolved regions ahead of triggering the Article 50. Both sides agree that providing a guarantee that they will be able to stay where they are is a top priority.

Albertsons Cos. parent Cerberus Capital has held preliminary talks on a deal to acquire Sprouts Farmers Markets, Bloomberg reported late Sunday. They now have a Dollars 22 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have assigned a buy rating to the company. Last year, buyout firm Apollo, which previously owned Sprouts, purchased The Fresh Market, a specialty grocer with stores in the Midwest, Southeast and Mid-Atlantic, for about $1.4 billion. The company's market cap is $2.99 Billion, and the average volume is $2.88 Million. Sprouts Farmers Market Inc has a 12-month low of $17.38 and a 12-month high of $29.93. The last closing price is up 8.15% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. The Company Touched its 52-Week High on Mar 21, 2016 and 52-Week Low on Mar 7, 2017. The day's total volume of 7617567 this morning is in contrast from the three-month daily average of 3064.62K. The stock has a market capitalization of $3.01 billion, a PE ratio of 26.53 and a beta of 0.58. Envestnet Asset Management Inc. now owns 9,443 shares of the company's stock worth $179,000 after buying an additional 363 shares in the last quarter. The Return on Investment and Return on Equity (ROE) values are 15.5 percent and 23.7 percent, respectively. SFM has returns on investment of 13.10%. On average, equities analysts expect that Sprouts Farmers Market will post $0.88 EPS for the current fiscal year. In taking a look at recent performance, we can see that shares have moved 23.36% over the past week, 17.13% over the past 4-weeks, 9.99% over the past half year and -23.67% over the past full year. The co has price volatility of 7.08% for a week and 3.88% for a month.


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