United Natural Foods, Inc. (UNFI) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS
United Natural Foods, Inc. (NASDAQ:UNFI) released its quarterly earnings results on Monday. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02, Bloomberg Earnings reports. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. United Natural Foods’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 EPS.
Shares of United Natural Foods (NASDAQ UNFI) traded up 1.75% on Wednesday, hitting $37.21. The stock had a trading volume of 1,571,600 shares. The company has a market cap of $1.88 billion, a P/E ratio of 14.94 and a beta of 1.39. The company has a 50-day moving average of $36.04 and a 200-day moving average of $39.23. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
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UNFI has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of United Natural Foods in a research report on Tuesday, June 6th. Loop Capital reaffirmed a “buy” rating and set a $44.00 price target (down previously from $48.00) on shares of United Natural Foods in a research report on Monday, June 26th. Barclays PLC reaffirmed a “sell” rating and set a $37.00 price target on shares of United Natural Foods in a research report on Thursday, June 8th. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Royal Bank Of Canada set a $34.00 price target on United Natural Foods and gave the company a “hold” rating in a research report on Sunday, July 16th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. United Natural Foods currently has a consensus rating of “Hold” and an average target price of $41.57.
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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