United Natural Foods (NASDAQ:UNFI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.69-$1.89 for the period, compared to the Thomson Reuters consensus estimate of $3.32. The company issued revenue guidance of $21.5-$22.0 billion, compared to the consensus revenue estimate of $21.52 billion.United Natural Foods also updated its FY 2019 guidance to $1.69-1.89 EPS.
Shares of NASDAQ UNFI traded down $0.59 during 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. United Natural Foods has a 12 month low of $19.41 and a 12 month high of $52.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.82 and a beta of 1.62.
United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, December 6th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.14). The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.70 billion. United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. On average, research analysts anticipate that United Natural Foods will post 3.44 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Buckingham Research cut 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 report on Friday, November 30th. 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 report on Tuesday. BidaskClub downgraded shares of United Natural Foods from a sell rating to a strong sell rating in a report on Saturday, December 1st. Cleveland Research reaffirmed a hold rating on shares of United Natural Foods in a report on Wednesday, November 28th. Finally, Pivotal Research reaffirmed a sell rating and set a $18.00 price objective on shares of United Natural Foods in a report on Tuesday. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. United Natural Foods presently has a consensus rating of Hold and an average price target of $32.98.
In other news, Director James P. Heffernan sold 3,820 shares of the firm’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the transaction, the director now owns 6,960 shares in the company, valued at $205,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.
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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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