Wall Street analysts predict that United Natural Foods Inc (NASDAQ:UNFI) will announce earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for United Natural Foods’ earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.80. United Natural Foods reported earnings of $0.76 per share during the same quarter last year, which suggests a negative year over year growth rate of 9.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, September 19th.
On average, analysts expect that United Natural Foods will report full year earnings of $2.18 per share for the current year, with EPS estimates ranging from $2.00 to $2.34. For the next financial year, analysts expect that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $0.85 to $1.80. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover United Natural Foods.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.21 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The company’s quarterly revenue was up 125.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS.
Several analysts recently commented on UNFI shares. Loop Capital reduced their target price on shares of United Natural Foods to $21.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, March 19th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. BMO Capital Markets set a $10.00 target price on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, June 7th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $11.00 target price (down previously from $17.00) on shares of United Natural Foods in a report on Thursday, June 6th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.98.
Shares of UNFI stock opened at $10.77 on Tuesday. The stock has a market cap of $579.22 million, a P/E ratio of 3.46, a P/E/G ratio of 0.82 and a beta of 2.15. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. United Natural Foods has a 52 week low of $9.23 and a 52 week high of $44.94.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in United Natural Foods by 22.7% during the 4th quarter. BlackRock Inc. now owns 7,523,058 shares of the company’s stock worth $79,669,000 after acquiring an additional 1,393,591 shares during the period. Kiltearn Partners LLP lifted its position in United Natural Foods by 5.5% during the 4th quarter. Kiltearn Partners LLP now owns 4,725,904 shares of the company’s stock worth $50,047,000 after acquiring an additional 247,146 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United Natural Foods by 2.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,304,747 shares of the company’s stock worth $56,909,000 after buying an additional 101,400 shares in the last quarter. Towle & Co. purchased a new position in shares of United Natural Foods during the 4th quarter worth approximately $16,169,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of United Natural Foods by 111.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,204,049 shares of the company’s stock worth $15,917,000 after buying an additional 634,621 shares in the last quarter. Institutional investors and hedge funds 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.
Further Reading: Is it Safe to Invest in Commodities?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.