$0.59 Earnings Per Share Expected for United Natural Foods, Inc. (UNFI) This Quarter
Equities research analysts expect United Natural Foods, Inc. (NASDAQ:UNFI) to post $0.59 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for United Natural Foods’ earnings, with estimates ranging from $0.58 to $0.61. United Natural Foods reported earnings per share of $0.58 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The firm is expected to report its next quarterly earnings results on Wednesday, December 6th.
On average, analysts expect that United Natural Foods will report full year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.56 to $2.72. For the next financial year, analysts anticipate that the company will post earnings of $2.81 per share, with EPS estimates ranging from $2.57 to $2.98. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.21%. United Natural Foods’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS.
Several analysts have issued reports on the company. Buckingham Research cut their price objective on United Natural Foods from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 target price (up previously from $38.00) on shares of United Natural Foods in a report on Thursday. Zacks Investment Research cut United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company reissued a “hold” rating and issued a $38.00 price target on shares of United Natural Foods in a research note on Thursday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $39.00 price target (up previously from $38.00) on shares of United Natural Foods in a research note on Thursday. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.56.
Shares of United Natural Foods (NASDAQ UNFI) traded up 1.61% during trading on Friday, hitting $39.81. 362,363 shares of the stock traded hands. The firm has a market cap of $2.01 billion, a PE ratio of 15.99 and a beta of 1.39. The company’s 50 day moving average is $36.08 and its 200 day moving average is $39.21. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of United Natural Foods by 16,599.3% during the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock worth $227,062,000 after buying an additional 5,220,963 shares in the last quarter. Jennison Associates LLC acquired a new position in United Natural Foods in the 2nd quarter worth about $716,000. Adirondack Research & Management Inc. acquired a new position in United Natural Foods in the 2nd quarter worth about $1,725,000. Peregrine Capital Management LLC increased its holdings in United Natural Foods by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 144,481 shares of the company’s stock worth $5,302,000 after purchasing an additional 2,881 shares in the last quarter. Finally, GAM Holding AG acquired a new position in United Natural Foods in the 2nd quarter worth about $1,156,000.
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About United Natural Foods
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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