Bob Evans Farms Fiscal Q4 EPS Beats Views

Bob Evans Farms shares were higher nearly 4% in recent pre-market trade after the company reported a fiscal Q4 adjusted earnings from continuing operations of $0.58 per diluted share compared with an income of $0.32 per share a year ago, beating the $0.52 average EPS estimate from analysts polled by Capital IQ. Net sales from continuing operations during the three months that ended April 28 fell to $99.9 million from $102.4 million. Total net sales were down to $313.4 million from $345.6 million and missed the $325.7 million estimate.

For the FY, the company expects net sales between $464 million and $476 million, below the average analyst estimate of $479 million. GAAP diluted EPS is seen between $2.06 and $2.24, below the $2.49 consnesus. Additionally, the company announced a sequentially unchanged quarterly dividend of $0.34 per share, payable June 26 to stockholders of record as at June 12. It also said the board approved a shares buyback of $100 million during fiscal 2018.