United Natural Foods, Inc. (UNFI) Releases FY18 Earnings Guidance
United Natural Foods, Inc. (NASDAQ:UNFI) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.67-2.77 for the period, compared to the Thomson Reuters consensus estimate of $2.68. The company issued revenue guidance of ~$9.63-9.81 billion, compared to the consensus revenue estimate of $9.75 billion.
Several equities analysts recently commented on the company. Zacks Investment Research downgraded United Natural Foods from a hold rating to a sell rating in a research report on Wednesday, August 2nd. BidaskClub downgraded United Natural Foods from a hold rating to a sell rating in a research report on Friday, August 11th. Stephens initiated coverage on United Natural Foods in a research report on Friday, August 11th. They set an equal weight rating and a $50.00 target price for the company. BMO Capital Markets set a $38.00 target price on United Natural Foods and gave the stock a hold rating in a research report on Tuesday, August 29th. Finally, Royal Bank Of Canada restated a sector perform rating and set a $34.00 target price on shares of United Natural Foods in a research report on Friday, September 8th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. United Natural Foods has an average rating of Hold and a consensus target price of $41.57.
Shares of United Natural Foods, Inc. (UNFI) traded up 1.75% during midday trading on Wednesday, reaching $37.21. The company had a trading volume of 1,571,600 shares. United Natural Foods, Inc. has a one year low of $29.53 and a one year high of $49.74. The company has a 50 day moving average price of $36.04 and a 200-day moving average price of $39.23. The firm has a market capitalization of $1.88 billion, a P/E ratio of 14.94 and a beta of 1.39.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Monday, September 11th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 EPS. On average, analysts anticipate that United Natural Foods, Inc. will post $2.55 EPS for the current fiscal year.
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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