United Natural Foods (UNFI) Issues FY18 Earnings Guidance
United Natural Foods (NASDAQ:UNFI) issued an update on its FY18 earnings guidance on Thursday morning. 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.
United Natural Foods (NASDAQ:UNFI) traded down $0.10 during trading on Thursday, hitting $49.41. The stock had a trading volume of 1,338,500 shares, compared to its average volume of 792,393. United Natural Foods has a 1-year low of $29.53 and a 1-year high of $52.69. The company has a quick ratio of 0.90, a current ratio of 2.36 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $2,515.91, a price-to-earnings ratio of 19.26, a P/E/G ratio of 3.63 and a beta of 1.46.
United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. United Natural Foods’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. equities research analysts expect that United Natural Foods will post 2.71 EPS for the current year.
United Natural Foods declared that its board has approved a stock repurchase plan on Friday, October 6th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Several equities analysts recently commented on the company. Oppenheimer reissued a hold rating on shares of United Natural Foods in a report on Tuesday. BidaskClub lowered United Natural Foods from a hold rating to a sell rating in a report on Friday, August 11th. Barclays reissued a sell rating and issued a $32.00 target price on shares of United Natural Foods in a report on Thursday, September 28th. Stephens assumed coverage on United Natural Foods in a report on Friday, August 11th. They issued an equal weight rating and a $50.00 target price on the stock. Finally, Royal Bank Of Canada reissued an underperform rating and issued a $34.00 target price on shares of United Natural Foods in a report on Monday. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $41.89.
In other United Natural Foods news, Director Bates Ann Torre sold 7,190 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $40.16, for a total transaction of $288,750.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Paul Zechmeister sold 11,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $44.06, for a total value of $506,690.00. Following the transaction, the chief financial officer now directly owns 1,997 shares in the company, valued at approximately $87,987.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,498 shares of company stock worth $2,659,539. Corporate insiders own 1.40% of the company’s stock.
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About United Natural Foods
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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