Zacks: Brokerages Anticipate United Natural Foods (UNFI) Will Announce Quarterly Sales of $2.56 Billion

Equities analysts expect United Natural Foods (NASDAQ:UNFI) to report sales of $2.56 billion for the current quarter, Zacks reports. Three analysts have issued estimates for United Natural Foods’ earnings, with the highest sales estimate coming in at $2.58 billion and the lowest estimate coming in at $2.55 billion. United Natural Foods reported sales of $2.37 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is scheduled to announce its next earnings results on Tuesday, June 5th.

On average, analysts expect that United Natural Foods will report full-year sales of $10.08 billion for the current financial year, with estimates ranging from $10.02 billion to $10.11 billion. For the next year, analysts expect that the company will report sales of $10.65 billion per share, with estimates ranging from $10.42 billion to $10.90 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Natural Foods.

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United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.45 billion. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share.

Several analysts have issued reports on UNFI shares. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Jefferies Group reissued a “hold” rating and issued a $49.00 price objective on shares of United Natural Foods in a research note on Monday, January 8th. Susquehanna Bancshares set a $51.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Thursday, January 11th. Barclays raised shares of United Natural Foods from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $32.00 to $43.00 in a research note on Tuesday, January 16th. Finally, Stephens set a $51.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average price target of $44.69.

NASDAQ UNFI traded up $0.98 during trading on Tuesday, hitting $44.70. The stock had a trading volume of 256,612 shares, compared to its average volume of 608,946. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.33 and a quick ratio of 0.90. The company has a market cap of $2,212.96, a P/E ratio of 17.39, a PEG ratio of 1.73 and a beta of 1.44. United Natural Foods has a one year low of $29.53 and a one year high of $52.69.

In other news, Director Peter Roy sold 3,990 shares of United Natural Foods stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $43.95, for a total transaction of $175,360.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC bought a new position in United Natural Foods in the fourth quarter worth approximately $262,000. Xact Kapitalforvaltning AB bought a new position in United Natural Foods in the fourth quarter worth approximately $252,000. Envestnet Asset Management Inc. raised its stake in United Natural Foods by 8.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 44,868 shares of the company’s stock worth $2,211,000 after buying an additional 3,369 shares in the last quarter. We Are One Seven LLC bought a new position in United Natural Foods in the fourth quarter worth approximately $176,000. Finally, MetLife Investment Advisors LLC bought a new position in United Natural Foods in the fourth quarter worth approximately $2,759,000.

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

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