United Natural Foods, Inc. (NASDAQ:UNFI) Expected to Announce Earnings of $1.00 Per Share

Wall Street analysts predict that United Natural Foods, Inc. (NASDAQ:UNFIGet Rating) will report earnings per share of $1.00 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for United Natural Foods’ earnings, with estimates ranging from $0.86 to $1.09. United Natural Foods posted earnings per share of $0.94 in the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is scheduled to issue its next earnings report 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 fiscal year, with EPS estimates ranging from $4.02 to $4.20. For the next fiscal year, analysts forecast that the business will post earnings of $4.42 per share, with EPS estimates ranging from $3.95 to $4.74. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover United Natural Foods.

United Natural Foods (NASDAQ:UNFIGet Rating) last released its earnings results on Wednesday, March 9th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $7.42 billion for the quarter, compared to analysts’ expectations of $7.19 billion. United Natural Foods had a return on equity of 16.92% and a net margin of 0.84%.

Separately, StockNews.com upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, May 10th.

NASDAQ UNFI opened at $42.07 on Thursday. The company has a market cap of $2.45 billion, a PE ratio of 11.01 and a beta of 0.93. United Natural Foods has a one year low of $30.61 and a one year high of $57.89. The company has a quick ratio of 0.56, a current ratio of 1.51 and a debt-to-equity ratio of 1.39. The business’s fifty day simple moving average is $42.38.

About United Natural Foods (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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