United Natural Foods (NASDAQ:UNFI) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.69-1.89 for the period, compared to the Thomson Reuters consensus estimate of $3.33. The company issued revenue guidance of $21.5-22 billion, compared to the consensus revenue estimate of $21.72 billion.
A number of research firms have recently issued reports on UNFI. Royal Bank of Canada set a $28.00 price target on shares of United Natural Foods and gave the stock a hold rating in a research report on Tuesday. Pivotal Research restated a sell rating and issued a $18.00 price target on shares of United Natural Foods in a research report on Tuesday. BidaskClub downgraded shares of United Natural Foods from a sell rating to a strong sell rating in a research report on Saturday, December 1st. Buckingham Research reduced their price target on shares of United Natural Foods from $26.00 to $24.00 and set a neutral rating on the stock in a research report on Friday, November 30th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a hold rating to a buy rating and set a $24.00 price target on the stock in a research report on Thursday, November 29th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $32.98.
NASDAQ:UNFI traded down $0.59 during mid-day trading on Thursday, hitting $19.73. The stock had a trading volume of 1,713,819 shares, compared to its average volume of 828,412. The company has a market cap of $1.04 billion, a PE ratio of 6.34, a P/E/G ratio of 0.82 and a beta of 1.62. United Natural Foods has a 52 week low of $19.41 and a 52 week high of $52.55. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.09). The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. As a group, equities analysts anticipate that United Natural Foods will post 3.44 EPS for the current year.
In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the sale, the director now directly owns 6,960 shares in the company, valued at approximately $205,320. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
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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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