Zacks: Analysts Expect United Natural Foods Inc (NASDAQ:UNFI) to Announce $0.69 EPS

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Wall Street analysts expect that United Natural Foods Inc (NASDAQ:UNFI) will report $0.69 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for United Natural Foods’ earnings. The highest EPS estimate is $0.80 and the lowest is $0.56. United Natural Foods reported earnings per share of $0.76 in the same quarter last year, which suggests a negative year-over-year growth rate of 9.2%. The company is scheduled to announce its next earnings results on Thursday, September 19th.

On average, analysts expect that United Natural Foods will report full year earnings of $2.18 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.34. For the next year, analysts forecast that the firm will report earnings of $1.56 per share, with EPS estimates ranging from $0.85 to $1.80. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Wednesday, June 5th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.51 by $0.10. 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 firm’s revenue was up 125.1% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS.

Several research firms have recently weighed in on UNFI. Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st. BMO Capital Markets lowered shares of United Natural Foods from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $10.00 to $5.00 in a research note on Friday, August 2nd. Loop Capital decreased their price target on shares of United Natural Foods to $21.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Pivotal Research restated a “sell” rating and set a $6.00 price target (down previously from $8.00) on shares of United Natural Foods in a research note on Thursday, June 6th. Finally, BidaskClub lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Saturday. Seven equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $18.59.

Shares of NASDAQ:UNFI traded up $0.55 during mid-day trading on Friday, hitting $7.47. The company had a trading volume of 871,200 shares, compared to its average volume of 1,276,845. The firm has a fifty day moving average price of $9.04 and a 200 day moving average price of $11.66. The company has a market capitalization of $393.70 million, a PE ratio of 2.40, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. United Natural Foods has a one year low of $6.75 and a one year high of $35.63.

Several institutional investors have recently made changes to their positions in UNFI. Legal & General Group Plc lifted its holdings in shares of United Natural Foods by 97.2% in the fourth quarter. Legal & General Group Plc now owns 163,398 shares of the company’s stock worth $1,718,000 after buying an additional 80,541 shares in the last quarter. Norges Bank bought a new position in shares of United Natural Foods in the fourth quarter worth approximately $9,162,000. Nisa Investment Advisors LLC increased its position in shares of United Natural Foods by 5,000.0% in the first quarter. Nisa Investment Advisors LLC now owns 10,200 shares of the company’s stock worth $135,000 after purchasing an additional 10,000 shares during the last quarter. Investors Research Corp bought a new position in shares of United Natural Foods in the first quarter worth approximately $35,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of United Natural Foods by 13.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,480 shares of the company’s stock worth $403,000 after purchasing an additional 3,663 shares during the last quarter. 98.17% of the stock is currently owned by hedge funds and other institutional investors.

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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