RBC Capital Cuts Price Target on Natural Grocers (NGVC) as 1Q Results Miss Management Expectaions

RBC Capital Remains Confident in Natural Grocers (NGVC) Despite Increased Risk - PT to $29

RBC Capital maintained an Outperform rating on Natural Grocers (NYSE: NGVC), and cut the price target to $29.00 (from $32.00), following the company's 1Q earnings report. Natural Grocers reported comparable store sales growth of +3.6% (cons. +4.5%), $167.8m of revenue (cons. $171.5m), and $0.17 of EPS (cons. $0.17). The results were... More

Unusual 11 Mid-Day Movers 1/29: (SDPI) (AXLL) (TMST) Higher; (QTM) (ICCC) (QSII) Lower

Superior Drilling Products, Inc. (NYSE: SDPI) 102.6% HIGHER; announced that it reached an agreement to supply the Companys Strider Drill String Oscillation System ("Strider") and related services to Baker Hughes, a leading global supplier of oilfield services, products, technology and systems. The Strider utilizes its unique patent-pending design to reduce drill string friction on horizontal wells, resulting in improved rates of penetration and cost savings. Its revolutionary engineering provides a cost effective alternative to conventional downhole vibration tools.

Axiall Corporation (NYSE: AXLL)... More

Piper Jaffray Cuts Price Target on Natural Grocers (NGVC) as Competition and Oil States Weigh on Sales

Piper Jaffray maintained an Overweight rating on Natural Grocers (NYSE: NGVC), and cut the price target to $26.00 (from $30.00), following the company's 1Q earnings report. NGVC reported Q1 results, where diluted EPS of $0.17 met expectations but comparable sales fell short of estimates. Weak same store sales... More

Natural Grocers (NGVC) Impacted in Oil Regions - Jefferies

Jefferies analyst, Mark Wiltamuth, notes Natural Grocers (NYSE: NGVC) FY16 is becoming more back end loaded as comps and margins are weaker due to sluggishness in oil affected regions.

Natural Grocers EBITDA fell short of expectations due to weakness in the oil patches and cannibalization/new competition having a more pronounced impact on sales. NGVC reported 1Q16 EPS... More

Natural Grocers (NGVC) Misses Q1 EPS by 1c

Natural Grocers (NYSE: NGVC) reported Q1 EPS of $0.17, $0.01 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $167.8 million versus the consensus estimate of $171.67 million.

Daily average comparable store sales increased 3.6%.

For earnings history and earnings-related data on Natural Grocers (NGVC) click here.