Wall Street brokerages expect United Natural Foods, Inc. (NASDAQ:UNFI) to report $2.45 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for United Natural Foods’ earnings. The lowest sales estimate is $2.42 billion and the highest is $2.47 billion. United Natural Foods reported sales of $2.29 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is scheduled to report its next earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that United Natural Foods will report full-year sales of $2.45 billion for the current year, with estimates ranging from $9.88 billion to $9.94 billion. For the next year, analysts forecast that the firm will post sales of $10.48 billion per share, with estimates ranging from $10.27 billion to $10.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The company 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 business posted $0.58 EPS.
In related news, CEO Steven Spinner sold 49,026 shares of United Natural Foods stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total transaction of $2,426,296.74. Following the completion of the transaction, the chief executive officer now directly owns 102,637 shares of the company’s stock, valued at $5,079,505.13. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John Michael Hummel sold 1,773 shares of United Natural Foods stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.42, for a total value of $87,621.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,191 shares of company stock valued at $5,140,875. 1.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Connable Office Inc. acquired a new position in shares of United Natural Foods in the fourth quarter worth $280,000. Hood River Capital Management LLC raised its holdings in shares of United Natural Foods by 13.0% in the fourth quarter. Hood River Capital Management LLC now owns 402,933 shares of the company’s stock worth $19,853,000 after acquiring an additional 46,233 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of United Natural Foods by 17.5% in the fourth quarter. California Public Employees Retirement System now owns 86,542 shares of the company’s stock worth $4,264,000 after acquiring an additional 12,910 shares during the last quarter. M&T Bank Corp acquired a new position in shares of United Natural Foods in the fourth quarter worth $309,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of United Natural Foods in the fourth quarter worth $837,000.
United Natural Foods (NASDAQ UNFI) opened at $43.13 on Thursday. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The firm has a market capitalization of $2,173.28, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 2.47 and a beta of 1.41. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25.
TRADEMARK VIOLATION NOTICE: This piece was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/08/2-45-billion-in-sales-expected-for-united-natural-foods-inc-unfi-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.