Analysts expect United Natural Foods Inc (NASDAQ:UNFI) to announce earnings of $0.78 per share for the current quarter, Zacks reports. Eight analysts have issued estimates for United Natural Foods’ earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $0.66. United Natural Foods reported earnings per share of $0.62 in the same quarter last year, which suggests a positive year over year growth rate of 25.8%. The company is expected to report its next earnings results on Thursday, December 6th.

On average, analysts expect that United Natural Foods will report full-year earnings of $3.54 per share for the current year, with EPS estimates ranging from $2.97 to $4.06. For the next year, analysts forecast that the firm will post earnings of $3.68 per share, with EPS estimates ranging from $3.35 to $4.14. Zacks’ EPS averages are a mean average based on a survey of analysts that follow United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09). United Natural Foods had a net margin of 1.62% and a return on equity of 9.05%. The firm had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm posted $0.72 earnings per share. United Natural Foods’s revenue was up 10.7% compared to the same quarter last year.

UNFI has been the subject of a number of analyst reports. Citigroup reduced their price target on United Natural Foods from $53.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. Pivotal Research restated a “sell” rating and issued a $21.00 price objective on shares of United Natural Foods in a report on Friday. ValuEngine upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Monday, June 18th. Royal Bank of Canada restated a “sell” rating on shares of United Natural Foods in a report on Friday. Finally, Loop Capital set a $55.00 price objective on United Natural Foods and gave the company a “buy” rating in a report on Wednesday, September 12th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. United Natural Foods currently has a consensus rating of “Hold” and a consensus target price of $41.78.

UNFI traded down $2.88 during trading on Tuesday, reaching $30.97. 7,354,616 shares of the company were exchanged, compared to its average volume of 468,905. The company has a market cap of $1.56 billion, a P/E ratio of 9.89, a PEG ratio of 1.09 and a beta of 1.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.59 and a quick ratio of 0.95. United Natural Foods has a 52 week low of $28.25 and a 52 week high of $52.69.

Several institutional investors have recently made changes to their positions in UNFI. Mainstay Capital Management LLC ADV raised its position in shares of United Natural Foods by 4,166.2% during the second quarter. Mainstay Capital Management LLC ADV now owns 6,058 shares of the company’s stock worth $142,000 after purchasing an additional 5,916 shares during the period. Summit Trail Advisors LLC raised its position in shares of United Natural Foods by 3,013.3% during the first quarter. Summit Trail Advisors LLC now owns 144,518 shares of the company’s stock worth $145,000 after purchasing an additional 139,876 shares during the period. Argus Investors Counsel Inc. acquired a new stake in shares of United Natural Foods during the second quarter worth $207,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of United Natural Foods during the second quarter worth $209,000. Finally, HPM Partners LLC acquired a new stake in shares of United Natural Foods during the second quarter worth $223,000.

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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