United Natural Foods (NASDAQ:UNFI) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of ~$2.72-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.72. The company issued revenue guidance of ~$9.63-9.81 billion, compared to the consensus revenue estimate of $9.72 billion.

United Natural Foods (NASDAQ UNFI) traded down $0.10 during trading hours on Thursday, reaching $49.41. 1,338,500 shares of the company’s stock were exchanged, compared to its average volume of 792,393. The firm has a market capitalization of $2,515.91, a price-to-earnings ratio of 19.26, a PEG ratio of 3.63 and a beta of 1.46. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $52.69. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.90 and a current ratio of 2.36.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. The firm 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 8.10%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 earnings per share. analysts expect that United Natural Foods will post 2.71 earnings per share for the current fiscal year.

United Natural Foods declared that its board has approved a share buyback plan on Friday, October 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

A number of equities analysts have recently issued reports on UNFI shares. Pivotal Research reiterated a sell rating and set a $32.00 target price on shares of United Natural Foods in a research report on Tuesday, September 12th. Goldman Sachs Group reiterated a neutral rating and set a $41.00 target price on shares of United Natural Foods in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of United Natural Foods from a hold rating to a buy rating and set a $45.00 target price on the stock in a research report on Tuesday, October 10th. TheStreet lowered shares of United Natural Foods from a b- rating to a c+ rating in a research report on Friday, October 27th. Finally, Bank of America reiterated an underperform rating and set a $36.00 target price (up from $35.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $41.89.

In related news, COO Sean Griffin sold 8,095 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the completion of the sale, the chief operating officer now directly owns 6,521 shares of the company’s stock, valued at $282,033.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Michael Paul Zechmeister sold 11,500 shares of the business’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $44.06, for a total transaction of $506,690.00. Following the sale, the chief financial officer now directly owns 1,997 shares of the company’s stock, valued at $87,987.82. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,498 shares of company stock valued at $2,659,539. 1.40% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

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