United Natural Foods (NASDAQ:UNFI) Releases FY 2019 Earnings Guidance

United Natural Foods (NASDAQ:UNFI) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-5.85–5.65 for the period.

Shares of United Natural Foods stock traded up $0.43 during midday trading on Friday, hitting $8.97. The company had a trading volume of 1,543,800 shares, compared to its average volume of 1,384,332. The company’s 50 day moving average price is $10.63. The company has a market cap of $450.09 million, a PE ratio of 2.88, a PEG ratio of 0.82 and a beta of 2.15. The company has a current ratio of 1.59, a quick ratio of 0.74 and a debt-to-equity ratio of 1.77. United Natural Foods has a 1-year low of $8.07 and a 1-year high of $44.94.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.21 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The business’s revenue was up 125.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 earnings per share. Equities analysts predict that United Natural Foods will post 1.73 earnings per share for the current fiscal year.

A number of research analysts have issued reports on UNFI shares. BidaskClub cut United Natural Foods from a hold rating to a sell rating in a report on Thursday, April 18th. BMO Capital Markets set a $10.00 price objective on United Natural Foods and gave the company a hold rating in a report on Friday, June 7th. Zacks Investment Research raised United Natural Foods from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Tuesday, March 19th. Pivotal Research cut United Natural Foods from a hold rating to a sell rating and cut their price target for the company from $14.00 to $8.00 in a report on Thursday, March 7th. Finally, Loop Capital cut their price target on United Natural Foods to $30.00 and set a buy rating for the company in a report on Wednesday, March 6th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $18.98.

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

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