United Natural Foods (NASDAQ:UNFI) announced its earnings results on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09), Briefing.com reports. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.61 billion. United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 EPS. United Natural Foods updated its FY19 guidance to $3.48-3.58 EPS.
Shares of NASDAQ UNFI opened at $27.15 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. The firm has a market capitalization of $1.51 billion, a P/E ratio of 8.73, a PEG ratio of 1.23 and a beta of 1.37. United Natural Foods has a one year low of $26.86 and a one year high of $52.69.
In related news, Director James P. Heffernan sold 3,820 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the transaction, the director now directly owns 6,960 shares in the company, valued at $205,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
A number of brokerages have recently commented on UNFI. Zacks Investment Research lowered United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Northcoast Research lowered United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday, July 26th. BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Loop Capital set a $50.00 price target on United Natural Foods and gave the stock a “buy” rating in a report on Friday, September 21st. Finally, BMO Capital Markets set a $28.00 price target on United Natural Foods and gave the stock a “hold” rating in a report on Friday, September 21st. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. United Natural Foods has an average rating of “Hold” and a consensus price target of $38.98.
About United Natural Foods
United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.
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