United Natural Foods, Inc. (NASDAQ:UNFI) Expected to Post Q2 2018 Earnings of $0.56 Per Share

United Natural Foods, Inc. (NASDAQ:UNFI) – Research analysts at Northcoast Research upped their Q2 2018 EPS estimates for shares of United Natural Foods in a research note issued to investors on Monday, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky now anticipates that the company will earn $0.56 per share for the quarter, up from their previous estimate of $0.55. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for United Natural Foods’ Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $2.78 EPS and FY2019 earnings at $3.11 EPS.

United Natural Foods (NASDAQ:UNFI) last issued its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter last year, the business earned $0.58 earnings per share.

A number of other equities analysts have also commented on UNFI. TheStreet upgraded shares of United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. BidaskClub upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Argus upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Loop Capital set a $56.00 price objective on shares of United Natural Foods and gave the company a “buy” rating in a research report on Friday, December 8th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $44.67.

Shares of United Natural Foods (UNFI) traded up $0.38 during trading hours on Tuesday, reaching $47.80. 872,700 shares of the company’s stock were exchanged, compared to its average volume of 1,087,960. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.25 and a quick ratio of 0.82. The company has a market capitalization of $2,410.00, a price-to-earnings ratio of 18.53, a PEG ratio of 2.75 and a beta of 1.46. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $52.69.

United Natural Foods declared that its Board of Directors has approved a stock repurchase program on Friday, October 6th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other United Natural Foods news, Director James P. Heffernan sold 16,514 shares of United Natural Foods stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total transaction of $823,553.18. Following the transaction, the director now directly owns 7,580 shares of the company’s stock, valued at $378,014.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Craig Harder Smith sold 6,253 shares of United Natural Foods stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $49.59, for a total transaction of $310,086.27. Following the transaction, the senior vice president now directly owns 14,871 shares in the company, valued at $737,452.89. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,191 shares of company stock valued at $5,140,875. 1.40% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. CS Mckee LP raised its stake 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 acquiring an additional 100 shares in the last quarter. Amalgamated Bank raised its stake 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 acquiring an additional 196 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of United Natural Foods by 2.5% in the second quarter. Suntrust Banks Inc. now owns 8,628 shares of the company’s stock worth $316,000 after buying an additional 214 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of United Natural Foods by 4.3% in the second quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the company’s stock worth $367,000 after buying an additional 410 shares during the period. Finally, Sei Investments Co. increased its stake in shares of United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after buying an additional 1,162 shares during the period.

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

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