United Natural Foods (NASDAQ:UNFI) announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.10, Briefing.com reports. The business 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 company’s quarterly revenue was up 125.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 earnings per share. United Natural Foods updated its FY 2019 guidance to $-5.85–5.65 EPS.
NASDAQ:UNFI traded up $0.43 during mid-day trading on Friday, hitting $8.97. The stock had a trading volume of 1,543,818 shares, compared to its average volume of 1,384,332. The stock has a market capitalization of $472.76 million, a PE ratio of 2.88, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. The stock’s 50 day moving average is $10.57. United Natural Foods has a 52 week low of $8.07 and a 52 week high of $44.94. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74.
A number of research firms have weighed in on UNFI. Zacks Investment Research raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. BidaskClub lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Buckingham Research reissued a “neutral” rating and issued a $11.00 price objective (down previously from $17.00) on shares of United Natural Foods in a research report on Thursday, June 6th. They noted that the move was a valuation call. Pivotal Research reissued a “sell” rating and issued a $6.00 price objective (down previously from $8.00) on shares of United Natural Foods in a research report on Thursday, June 6th. Finally, Loop Capital lowered their price target on shares of United Natural Foods to $21.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.98.
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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