United Natural Foods (UNFI) Releases FY19 Earnings Guidance
United Natural Foods (NASDAQ:UNFI) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.69-$1.89 for the period, compared to the Thomson Reuters consensus estimate of $3.32. The company issued revenue guidance of $21.5-$22.0 billion, compared to the consensus revenue estimate of $21.52 billion.United Natural Foods also updated its FY 2019 guidance to $1.69-1.89 EPS.
Shares of UNFI traded down $0.59 during mid-day trading on Thursday, reaching $19.73. The company had a trading volume of 1,713,819 shares, compared to its average volume of 828,412. The firm has a market cap of $1.04 billion, a PE ratio of 6.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.62. United Natural Foods has a fifty-two week low of $19.41 and a fifty-two week high of $52.55. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Thursday, December 6th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.14). The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.70 billion. United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 EPS. As a group, equities research analysts anticipate that United Natural Foods will post 3.44 earnings per share for the current year.
In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the transaction, the director now owns 6,960 shares in the company, valued at approximately $205,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.
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About United Natural Foods
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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