Company Description
Third Quarter Sales Up 5.1%
Total sales of $1.44 billion were announced during the company's third-quarter earnings announcement on Nov 6. Sales rose 5.1% on a year-over-year basis, up from $1.38 billion.
Earnings per share came in lower than the third quarter of 2007 due to non-cash LIFO charges, but those number were also inflated last year due to one-time tax savings. Adjusted earnings per share came in at $1.00, 12.4% higher than the consensus estimate of 89 cents.
Consensus Rising
Since the Nov 6 announcement analysts have been raising their estimates across the board. The average estimate for cull year 2008 is up 13 cents, to $3.30 per share. Next years consensus is now $3.73, up from $3.68.
These estimates represent 10% growth for 2008 and 13% for 2009.
Almost No Debt
In the wholesale food items industry the average debt-to-equity ratio is almost 27 to 1, while Nash's ratio is a minimal 0.9.
The company also trumps its peers in return on equity, generating 12.9% compared to the average of 10.7%.
Nash is the top ranked company in the industry, which ranks 22nd out of 217.
The Chart
Shares of NAFC spiked of off its bullish trend line after the third-quarter earnings announcement. The stock is now trading just below the 52-week high of $47.63 set in late September. Take a look at the chart below.
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| Market Summary | Nov 22, 2009 06:18 am ET |

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