Albertsons reportedly in merger talks with Sprouts Farmers Market

Supermarket chain Albertson's is reportedly considering a merger with organic grocer Sprouts Farmers Market Inc (NASDAQ:SFM). The low EPS estimate is $0.82, while the high EPS estimate is $1.01.

Analysts estimated $0.13/share for the previous Quarter, where Sprouts Farmers Market, Inc. According to these analysts, the Low Revenue Estimate for Sprouts Farmers Market, 1.09 Billion and the High Revenue Estimate is 1.13 Billion. The company reported revenue of $986 million in its fourth quarter of 2016, which was up 6% from the same time a year ago.

These analysts also forecasted Growth Estimates for the Current Quarter for SFM to be 0%.

Investors expected a price target of 0.26 for this quarter. Independent Portfolio Consultants Inc. increased its position in shares of Sprouts Farmers Market by 76.8% in the third quarter. (NASDAQ:SFM) According to Bloomberg, the Boise-based company wants the organic chain to add to its line-up of stores, which includes Vons, Safeway and Star Market. Further, analysts have a 12 month target price of $22.94 on company shares.

According to 16 analysts, the Average Revenue Estimate for the current Fiscal quarter is $1.11 Billion and the Low Revenue estimate is $1.09 Billion, while the High Revenue estimate is $1.13 Billion.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. The year ago sales the company reported in the same quarter is 993.24 Million. The company's market cap is $2.99 Billion, and the average volume is $2.88 Million. A purchase of Sprouts by Albertsons would give it a major presence in the lucrative natural and organic space and allow the company to reduce costs and boost profitability - potentially leading to lower prices for shoppers. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 18.32% where SMA50 and SMA200 are 16.35% and 4.44% respectively. Its 52-week high and low range is between $84.14 and $54.12. The day's total volume of 7617567 this morning is in contrast from the three-month daily average of 3064.62K. P/E (price to earnings) ratio is 26.69 and Forward P/E ratio of 21.93.

While Looking at Sales Growth (Year/est), the company is now showing a percentage value of 6 percent. The Return on Investment and Return on Equity (ROE) values are 15.5 percent and 23.7 percent, respectively. While it's Return on Investment (ROI) value is 13.1%.

At the movement Sprouts Farmers Market, Inc.

Comcast Corporation (NASDAQ:CMCSA) yearly performance is 25.41% and net profit margin is 10.80%. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 7 analysts given HOLD rating to the stock and 7 given UNDERPERFORM rating.

  • Zachary Reyes