United Natural Foods (UNFI) Releases FY 2019 Earnings Guidance

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United Natural Foods (NASDAQ:UNFI) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.00-2.40 for the period, compared to the Thomson Reuters consensus estimate of $1.71. The company issued revenue guidance of $21.5-22 billion, compared to the consensus revenue estimate of $21.48 billion.

A number of research analysts recently issued reports on UNFI shares. Pivotal Research downgraded shares of United Natural Foods from a hold rating to a sell rating and dropped their target price for the company from $14.00 to $8.00 in a research report on Thursday. Zacks Investment Research upgraded shares of United Natural Foods from a strong sell rating to a hold rating in a research report on Friday, February 8th. BidaskClub upgraded shares of United Natural Foods from a sell rating to a hold rating in a research report on Wednesday, February 20th. Royal Bank of Canada set a $28.00 target price on shares of United Natural Foods and gave the company a hold rating in a research report on Tuesday, December 4th. Finally, Wells Fargo & Co dropped their target price on shares of United Natural Foods from $25.00 to $18.00 and set a market perform rating on the stock in a research report on Friday, December 7th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $25.78.

UNFI opened at $13.73 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.74 and a current ratio of 1.59. United Natural Foods has a 1-year low of $9.23 and a 1-year high of $49.40. The firm has a market cap of $769.32 million, a price-to-earnings ratio of 4.41, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.21. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities research analysts anticipate that United Natural Foods will post 1.73 earnings per share for the current year.

In other United Natural Foods news, SVP Sean Griffin acquired 18,000 shares of the stock in a transaction on Wednesday, December 12th. The shares were purchased at an average price of $12.84 per share, for a total transaction of $231,120.00. Following the completion of the acquisition, the senior vice president now owns 44,108 shares in the company, valued at approximately $566,346.72. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

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About United Natural Foods

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 and Estimates for United Natural Foods (NASDAQ:UNFI)

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