Zacks: Brokerages Expect United Natural Foods, Inc. (NYSE:UNFI) to Post $1.00 EPS

Equities analysts predict that United Natural Foods, Inc. (NYSE:UNFIGet Rating) will announce earnings of $1.00 per share for the current quarter, Zacks reports. Four analysts have issued estimates for United Natural Foods’ earnings. The highest EPS estimate is $1.09 and the lowest is $0.86. United Natural Foods posted earnings of $0.94 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that United Natural Foods will report full-year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.02 to $4.20. For the next year, analysts anticipate that the business will post earnings of $4.42 per share, with EPS estimates ranging from $3.95 to $4.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow United Natural Foods.

United Natural Foods (NYSE:UNFIGet Rating) last announced its earnings results on Wednesday, March 9th. The company reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The business had revenue of $7.42 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year.

UNFI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Natural Foods from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, March 10th. Zacks Investment Research downgraded shares of United Natural Foods from a “strong-buy” rating to a “hold” rating and set a $41.00 target price for the company. in a research report on Tuesday, February 8th. UBS Group reduced their price objective on shares of United Natural Foods from $64.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday, March 10th. CL King started coverage on shares of United Natural Foods in a research report on Monday, March 21st. They set a “buy” rating for the company. Finally, Wells Fargo & Company raised shares of United Natural Foods from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $35.00 to $38.00 in a report on Thursday, March 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, United Natural Foods has an average rating of “Hold” and an average target price of $50.00.

Shares of NYSE:UNFI opened at $44.26 on Monday. United Natural Foods has a 1 year low of $30.61 and a 1 year high of $57.89. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.49 and a quick ratio of 0.55. The company has a market capitalization of $2.58 billion, a PE ratio of 11.83 and a beta of 1.03. The company has a 50 day moving average price of $40.71.

In other United Natural Foods news, CAO Richard Eric Esper sold 1,984 shares of the stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $42.59, for a total transaction of $84,498.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO J Alexander Douglas, Jr. bought 2,838 shares of the company’s stock in a transaction on Friday, March 11th. The shares were acquired at an average price of $35.23 per share, for a total transaction of $99,982.74. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in UNFI. BlackRock Inc. raised its position in United Natural Foods by 0.9% during the 4th quarter. BlackRock Inc. now owns 8,816,181 shares of the company’s stock worth $432,699,000 after buying an additional 75,772 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in United Natural Foods by 12.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,013,621 shares of the company’s stock worth $49,749,000 after purchasing an additional 112,230 shares during the last quarter. Geode Capital Management LLC boosted its stake in United Natural Foods by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 940,605 shares of the company’s stock worth $46,164,000 after purchasing an additional 9,542 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of United Natural Foods by 18.8% during the 4th quarter. Renaissance Technologies LLC now owns 518,546 shares of the company’s stock valued at $25,450,000 after acquiring an additional 81,996 shares during the last quarter. Finally, Towle & Co. acquired a new position in shares of United Natural Foods during the 3rd quarter valued at about $21,644,000. Institutional investors own 81.28% of the company’s stock.

United Natural Foods Company Profile (Get Rating)

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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Earnings History and Estimates for United Natural Foods (NYSE:UNFI)

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