Analysts expect United Natural Foods, Inc. (NYSE:UNFI – Get Rating) to report sales of $7.09 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for United Natural Foods’ earnings, with the highest sales estimate coming in at $7.36 billion and the lowest estimate coming in at $6.93 billion. United Natural Foods reported sales of $6.62 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that United Natural Foods will report full year sales of $28.55 billion for the current fiscal year, with estimates ranging from $28.19 billion to $28.81 billion. For the next financial year, analysts expect that the company will post sales of $29.48 billion, with estimates ranging from $29.41 billion to $29.64 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover United Natural Foods.
United Natural Foods (NYSE:UNFI – Get Rating) last posted its earnings results on Wednesday, March 9th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company had revenue of $7.42 billion for the quarter, compared to analyst estimates of $7.17 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year.
In other news, CAO Richard Eric Esper sold 1,984 shares of the business’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $42.59, for a total value of $84,498.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO J Alexander Douglas, Jr. purchased 2,838 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was bought at an average cost of $35.23 per share, with a total value of $99,982.74. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of United Natural Foods by 0.9% in the fourth quarter. BlackRock Inc. now owns 8,816,181 shares of the company’s stock valued at $432,699,000 after purchasing an additional 75,772 shares during the period. Kiltearn Partners LLP grew its position in United Natural Foods by 4.9% during the first quarter. Kiltearn Partners LLP now owns 3,196,634 shares of the company’s stock valued at $132,181,000 after acquiring an additional 149,600 shares during the period. Goldman Sachs Group Inc. grew its position in United Natural Foods by 12.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,013,621 shares of the company’s stock valued at $49,749,000 after acquiring an additional 112,230 shares during the period. Geode Capital Management LLC grew its position in United Natural Foods by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 940,605 shares of the company’s stock valued at $46,164,000 after acquiring an additional 9,542 shares during the period. Finally, Renaissance Technologies LLC grew its position in United Natural Foods by 18.8% during the fourth 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 period. 81.28% of the stock is owned by institutional investors and hedge funds.
Shares of UNFI stock opened at $41.46 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 0.55 and a debt-to-equity ratio of 1.52. The firm has a market cap of $2.42 billion, a P/E ratio of 11.09 and a beta of 1.03. The stock’s 50 day simple moving average is $42.06. United Natural Foods has a 1-year low of $30.61 and a 1-year high of $57.89.
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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