Analysts expect United Natural Foods, Inc. (NASDAQ:UNFI) to report sales of $2.45 billion for the current quarter, Zacks reports. Four analysts have made estimates for United Natural Foods’ earnings, with the highest sales estimate coming in at $2.47 billion and the lowest estimate coming in at $2.42 billion. United Natural Foods posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that United Natural Foods will report full-year sales of $2.45 billion for the current fiscal year, with estimates ranging from $9.88 billion to $9.94 billion. For the next financial year, analysts anticipate that the business will post sales of $10.48 billion per share, with estimates ranging from $10.27 billion to $10.80 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, December 7th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same period in the prior year, the firm posted $0.58 EPS.

A number of analysts have recently commented on the company. BidaskClub downgraded United Natural Foods from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Royal Bank of Canada restated an “underperform” rating and set a $34.00 price objective on shares of United Natural Foods in a report on Monday, December 4th. Barclays restated a “sell” rating and set a $32.00 price objective on shares of United Natural Foods in a report on Thursday, September 28th. Finally, TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a report on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. United Natural Foods currently has an average rating of “Hold” and a consensus target price of $44.83.

In other United Natural Foods news, SVP Joseph J. Traficanti sold 4,950 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $51.34, for a total value of $254,133.00. Following the completion of the transaction, the senior vice president now directly owns 5,080 shares of the company’s stock, valued at approximately $260,807.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Craig Harder Smith sold 6,253 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total transaction of $310,086.27. Following the completion of the transaction, the senior vice president now directly owns 14,871 shares of the company’s stock, valued at $737,452.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,191 shares of company stock valued at $5,140,875. 1.40% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Pictet Asset Management Ltd. lifted its position in shares of United Natural Foods by 22.6% during the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock worth $13,275,000 after purchasing an additional 58,779 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of United Natural Foods by 349.1% during the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock worth $13,186,000 after purchasing an additional 279,291 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of United Natural Foods by 91.8% during the second quarter. Goldman Sachs Group Inc. now owns 420,559 shares of the company’s stock worth $15,435,000 after purchasing an additional 201,291 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of United Natural Foods by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after purchasing an additional 24,028 shares during the last quarter. Finally, Senvest Management LLC bought a new position in shares of United Natural Foods during the second quarter worth about $3,120,000.

Shares of United Natural Foods (UNFI) opened at $49.23 on Monday. The company has a market capitalization of $2,476.70, a price-to-earnings ratio of 19.08, a PEG ratio of 2.81 and a beta of 1.46. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. United Natural Foods has a twelve month low of $29.53 and a twelve month high of $52.69.

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 purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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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.

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

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