Brokerages Anticipate United Natural Foods Inc (NASDAQ:UNFI) Will Post Earnings of $0.69 Per Share

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Wall Street brokerages expect United Natural Foods Inc (NASDAQ:UNFI) to announce $0.69 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made 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 per share of $0.76 during the same quarter last year, which suggests a negative year over year growth rate of 9.2%. The company is scheduled to report its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $2.00 to $2.34. For the next year, analysts anticipate that the company will post earnings of $1.56 per share, with EPS estimates ranging from $0.85 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $6.21 billion. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. United Natural Foods’s revenue for the quarter was up 125.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 EPS.

UNFI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Loop Capital decreased their price target on United Natural Foods to $21.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Pivotal Research reaffirmed a “sell” rating and set a $6.00 price objective (down previously from $8.00) on shares of United Natural Foods in a report on Thursday, June 6th. BidaskClub downgraded United Natural Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 17th. Finally, BMO Capital Markets downgraded United Natural Foods from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $10.00 to $5.00 in a report on Friday, August 2nd. Seven investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.59.

NASDAQ UNFI traded down $0.45 during trading hours on Friday, reaching $7.75. 16,551 shares of the company’s stock were exchanged, compared to its average volume of 1,257,429. The stock has a market cap of $408.46 million, a PE ratio of 2.49, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. United Natural Foods has a one year low of $6.75 and a one year high of $35.63. The firm has a fifty day moving average of $8.87 and a 200-day moving average of $11.50. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in United Natural Foods by 90.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,751 shares of the company’s stock worth $155,000 after buying an additional 5,577 shares in the last quarter. Norges Bank acquired a new position in United Natural Foods during the 4th quarter worth $9,162,000. Investors Research Corp acquired a new position in shares of United Natural Foods in the 1st quarter valued at $35,000. Cascade Investment Advisors Inc. lifted its stake in shares of United Natural Foods by 10.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 25,180 shares of the company’s stock valued at $226,000 after purchasing an additional 2,390 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of United Natural Foods by 5,000.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 10,200 shares of the company’s stock valued at $135,000 after purchasing an additional 10,000 shares during the period. 98.17% of the stock is currently owned by hedge funds and other institutional investors.

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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