United Natural Foods, Inc. (UNFI) Expected to Post Earnings of $0.69 Per Share
Equities analysts expect United Natural Foods, Inc. (NASDAQ:UNFI) to announce earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for United Natural Foods’ earnings, with the highest EPS estimate coming in at $0.70 and the lowest estimate coming in at $0.68. United Natural Foods posted earnings per share of $0.70 in the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The firm is expected to issue its next earnings report on Monday, September 11th.
According to Zacks, analysts expect that United Natural Foods will report full-year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $2.55. For the next year, analysts expect that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.56 to $2.72. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue was up 11.1% on a year-over-year basis.
A number of analysts have recently issued reports on UNFI shares. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 price target (down previously from $44.00) on shares of United Natural Foods in a report on Sunday, June 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $33.00 price target (down previously from $36.00) on shares of United Natural Foods in a report on Monday, June 19th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Saturday, March 25th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $40.86.
Shares of United Natural Foods (NASDAQ UNFI) opened at 36.645 on Thursday. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.18. The firm has a 50-day moving average of $37.42 and a 200 day moving average of $42.00. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 14.717 and a beta of 1.38.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its position in United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the period. Neuburgh Advisers LLC raised its position in United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after buying an additional 306 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock worth $154,000 after buying an additional 548 shares during the period. LS Investment Advisors LLC raised its position in United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after buying an additional 711 shares during the period. Finally, Bell Bank raised its position in United Natural Foods by 6.2% in the first quarter. Bell Bank now owns 5,381 shares of the company’s stock worth $233,000 after buying an additional 315 shares during the period. 98.25% of the stock is owned by hedge funds and other institutional investors.
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United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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