United Natural Foods (UNFI) Announces Earnings Results

United Natural Foods (NASDAQ:UNFI) posted its quarterly earnings results on Thursday. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.14), RTT News reports. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.70 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.61%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 earnings per share. United Natural Foods updated its FY 2019 guidance to $1.69-1.89 EPS and its FY19 guidance to $1.69-$1.89 EPS.

Shares of NASDAQ UNFI opened at $14.88 on Friday. The company has a market cap of $1.01 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. 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 has a 12 month low of $14.45 and a 12 month high of $52.55.

In related news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total transaction of $112,690.00. Following the completion of the sale, the director now directly owns 6,960 shares of the company’s stock, valued at approximately $205,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

UNFI has been the subject of a number of analyst reports. Buckingham Research decreased their price target on United Natural Foods from $26.00 to $24.00 and set a “neutral” rating for the company in a research note on Friday, November 30th. Pivotal Research restated a “sell” rating and issued a $21.00 price target on shares of United Natural Foods in a research note on Friday, September 21st. Royal Bank of Canada set a $28.00 price target on United Natural Foods and gave the company a “hold” rating in a research note on Tuesday. Citigroup decreased their price target on United Natural Foods from $49.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, October 4th. Finally, Cleveland Research restated a “hold” rating on shares of United Natural Foods in a research note on Wednesday, November 28th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.11.

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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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Earnings History for United Natural Foods (NASDAQ:UNFI)

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