United Natural Foods (UNFI) Releases FY18 Earnings Guidance

United Natural Foods (NASDAQ:UNFI) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of ~$2.72-2.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.72. The company issued revenue guidance of ~$9.63-9.81 billion, compared to the consensus revenue estimate of $9.72 billion.

Several brokerages have commented on UNFI. Barclays reissued a sell rating and issued a $32.00 price target on shares of United Natural Foods in a research report on Thursday, September 28th. BidaskClub cut shares of United Natural Foods from a buy rating to a hold rating in a research report on Friday, December 22nd. TheStreet upgraded shares of United Natural Foods from a c+ rating to a b- rating in a research note on Tuesday, December 12th. Royal Bank of Canada reiterated a sector perform rating and set a $36.00 price target (up from $34.00) on shares of United Natural Foods in a research note on Wednesday, September 20th. Finally, Susquehanna Bancshares set a $49.00 price target on shares of United Natural Foods and gave the stock a hold rating in a research note on Thursday, December 7th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $43.33.

Shares of United Natural Foods (NASDAQ:UNFI) traded down $0.04 during midday trading on Friday, hitting $49.27. 372,178 shares of the company’s stock traded hands, compared to its average volume of 963,178. United Natural Foods has a 12 month low of $29.53 and a 12 month high of $52.69. The stock has a market capitalization of $2,485.27, a P/E ratio of 19.10, a PEG ratio of 3.08 and a beta of 1.46. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a net margin of 1.39% and a return on equity of 8.04%. During the same quarter in the prior year, the firm earned $0.58 earnings per share. equities research analysts expect that United Natural Foods will post 2.74 earnings per share for the current fiscal year.

United Natural Foods declared that its board has authorized a share repurchase plan on Friday, October 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

In other news, Director James P. Heffernan sold 16,514 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $49.87, for a total value of $823,553.18. Following the completion of the sale, the director now owns 7,580 shares of the company’s stock, valued at $378,014.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Craig Harder Smith sold 6,253 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $49.59, for a total transaction of $310,086.27. Following the completion of the sale, the senior vice president now directly owns 14,871 shares of the company’s stock, valued at approximately $737,452.89. The disclosure for this sale can be found here. In the last three months, insiders sold 48,327 shares of company stock valued at $2,323,217. Company insiders own 1.40% of the company’s stock.

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United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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

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