United Natural Foods (NASDAQ:UNFI) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.69-1.89 for the period, compared to the Thomson Reuters consensus estimate of $3.33. The company issued revenue guidance of $21.5-22 billion, compared to the consensus revenue estimate of $21.72 billion.United Natural Foods also updated its FY19 guidance to $1.69-$1.89 EPS.
Several analysts have weighed in on the stock. Loop Capital set a $36.00 target price on shares of United Natural Foods and gave the stock a buy rating in a research report on Friday. Wells Fargo & Co dropped their target price on shares of United Natural Foods from $25.00 to $18.00 and set a market perform rating on the stock in a research report on Friday. Morgan Stanley dropped their target price on shares of United Natural Foods from $23.00 to $21.00 and set an underweight rating on the stock in a research report on Friday. BMO Capital Markets set a $28.00 target price on shares of United Natural Foods and gave the stock a hold rating in a research report on Friday, September 21st. Finally, Buckingham Research downgraded shares of United Natural Foods from a buy rating to a neutral rating and dropped their target price for the stock from $41.00 to $26.00 in a research report on Wednesday, October 24th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $32.11.
Shares of NASDAQ UNFI opened at $14.88 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19. United Natural Foods has a 12 month low of $14.45 and a 12 month high of $52.55. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 4.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62.
United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Thursday, December 6th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.14). United Natural Foods had a net margin of 1.09% and a return on equity of 8.61%. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, equities research analysts forecast that United Natural Foods will post 3.44 earnings per share for the current year.
In related news, Director James P. Heffernan sold 3,820 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the transaction, the director now directly owns 6,960 shares in the company, valued at approximately $205,320. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
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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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