Brokerages expect United Natural Foods, Inc. (NASDAQ:UNFI) to announce $2.45 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for United Natural Foods’ earnings, with estimates ranging from $2.42 billion to $2.47 billion. United Natural Foods reported sales of $2.29 billion in the same quarter last year, which indicates a positive year over year growth rate of 7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, March 14th.
On average, analysts expect that United Natural Foods will report full-year sales of $2.45 billion for the current fiscal year, with estimates ranging from $9.88 billion to $9.94 billion. For the next financial year, analysts anticipate that the firm will post sales of $10.48 billion per share, with estimates ranging from $10.27 billion to $10.80 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. The firm had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm earned $0.58 earnings per share.
In other United Natural Foods news, CEO Steven Spinner sold 49,026 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $49.49, for a total value of $2,426,296.74. Following the completion of the transaction, the chief executive officer now owns 102,637 shares of the company’s stock, valued at $5,079,505.13. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Sean Griffin sold 12,351 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.41, for a total transaction of $610,262.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,191 shares of company stock valued at $5,140,875. Corporate insiders own 1.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of UNFI. CS Mckee LP raised its holdings in shares of United Natural Foods by 0.4% during the second quarter. CS Mckee LP now owns 24,700 shares of the company’s stock worth $906,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank raised its holdings in shares of United Natural Foods by 2.8% during the second quarter. Amalgamated Bank now owns 7,179 shares of the company’s stock worth $263,000 after purchasing an additional 196 shares during the last quarter. Suntrust Banks Inc. raised its holdings in shares of United Natural Foods by 2.5% during the second quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock worth $316,000 after purchasing an additional 214 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of United Natural Foods by 4.3% during the second quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the company’s stock worth $367,000 after purchasing an additional 410 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of United Natural Foods by 1.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 74,565 shares of the company’s stock worth $3,102,000 after purchasing an additional 1,269 shares during the last quarter.
United Natural Foods (NASDAQ:UNFI) opened at $49.00 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. United Natural Foods has a one year low of $29.53 and a one year high of $52.69. The stock has a market cap of $2,469.65, a P/E ratio of 18.99, a PEG ratio of 2.81 and a beta of 1.46.
United Natural Foods declared that its board has initiated a share buyback program on Friday, October 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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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