Brokerages Anticipate United Natural Foods Inc (UNFI) to Post $0.56 EPS

Analysts expect United Natural Foods Inc (NASDAQ:UNFI) to post $0.56 earnings per share (EPS) for the current quarter, Zacks reports. Ten analysts have issued estimates for United Natural Foods’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.87. United Natural Foods posted earnings per share of $1.04 during the same quarter last year, which suggests a negative year over year growth rate of 46.2%. The business is expected to report its next earnings results on Wednesday, June 5th.

On average, analysts expect that United Natural Foods will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $2.80. For the next fiscal year, analysts forecast that the company will report earnings of $1.64 per share, with EPS estimates ranging from $0.99 to $2.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.21. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the business earned $0.71 earnings per share.

UNFI has been the subject of several research analyst reports. Zacks Investment Research raised shares of United Natural Foods from a “strong sell” rating to a “hold” rating in a research report on Friday, February 8th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. TheStreet lowered shares of United Natural Foods from a “c” rating to a “d+” rating in a research report on Tuesday, December 11th. Argus lowered shares of United Natural Foods from a “buy” rating to a “hold” rating and set a $13.69 price target for the company. in a research report on Tuesday, December 11th. Finally, ValuEngine raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. United Natural Foods has a consensus rating of “Hold” and a consensus price target of $21.13.

Shares of NASDAQ UNFI traded up $0.33 during midday trading on Wednesday, reaching $13.49. The company’s stock had a trading volume of 772,925 shares, compared to its average volume of 1,572,198. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77. United Natural Foods has a fifty-two week low of $9.23 and a fifty-two week high of $47.73. The company has a market cap of $662.19 million, a price-to-earnings ratio of 4.34, a PEG ratio of 0.82 and a beta of 2.15.

Institutional investors and hedge funds have recently modified their holdings of the stock. Man Group plc increased its stake in United Natural Foods by 403.8% during the third quarter. Man Group plc now owns 183,640 shares of the company’s stock worth $5,500,000 after purchasing an additional 147,188 shares during the period. Morgan Stanley increased its stake in United Natural Foods by 160.6% during the third quarter. Morgan Stanley now owns 499,124 shares of the company’s stock worth $14,949,000 after purchasing an additional 307,613 shares during the period. Teachers Advisors LLC increased its stake in United Natural Foods by 1.2% during the third quarter. Teachers Advisors LLC now owns 163,154 shares of the company’s stock worth $4,886,000 after purchasing an additional 1,966 shares during the period. Kalos Management Inc. increased its stake in United Natural Foods by 7.1% during the fourth quarter. Kalos Management Inc. now owns 21,664 shares of the company’s stock worth $229,000 after purchasing an additional 1,427 shares during the period. Finally, Vanguard Group Inc increased its stake in United Natural Foods by 0.6% during the third quarter. Vanguard Group Inc now owns 4,673,478 shares of the company’s stock worth $139,970,000 after purchasing an additional 28,394 shares during the period. Hedge funds and other institutional investors own 98.17% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

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

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