Brokerages Anticipate United Natural Foods, Inc. (UNFI) Will Announce Quarterly Sales of $2.41 Billion
Brokerages expect United Natural Foods, Inc. (NASDAQ:UNFI) to report $2.41 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for United Natural Foods’ earnings. The highest sales estimate is $2.42 billion and the lowest is $2.40 billion. United Natural Foods posted sales of $2.28 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, December 6th.
According to Zacks, analysts expect that United Natural Foods will report full-year sales of $2.41 billion for the current fiscal year, with estimates ranging from $9.67 billion to $9.80 billion. For the next fiscal year, analysts forecast that the company will post sales of $10.44 billion per share, with estimates ranging from $10.06 billion to $10.73 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm posted $0.70 EPS. United Natural Foods’s quarterly revenue was up 5.7% on a year-over-year basis.
Several research firms have recently issued reports on UNFI. Wells Fargo & Company reissued a “hold” rating on shares of United Natural Foods in a research note on Tuesday, June 6th. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Pivotal Research reissued a “sell” rating and issued a $32.00 price target on shares of United Natural Foods in a research note on Tuesday, June 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 price target on shares of United Natural Foods in a research note on Wednesday, May 31st. Finally, Buckingham Research decreased their price target on United Natural Foods from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. United Natural Foods has an average rating of “Hold” and a consensus price target of $42.56.
United Natural Foods (UNFI) opened at 39.74 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 15.96 and a beta of 1.39. The company has a 50-day moving average of $36.13 and a 200-day moving average of $39.19. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
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Several hedge funds and other institutional investors have recently made changes to their positions in UNFI. BlackRock Inc. lifted its holdings in shares of United Natural Foods by 16,599.3% during the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after purchasing an additional 5,220,963 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in shares of United Natural Foods during the second quarter valued at $74,701,000. FMR LLC lifted its holdings in shares of United Natural Foods by 34.4% during the first quarter. FMR LLC now owns 7,588,290 shares of the company’s stock valued at $328,042,000 after purchasing an additional 1,940,736 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of United Natural Foods by 30.6% during the second quarter. Dimensional Fund Advisors LP now owns 4,010,466 shares of the company’s stock valued at $147,183,000 after purchasing an additional 939,946 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of United Natural Foods by 161.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after purchasing an additional 932,281 shares during the last quarter.
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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