Equities analysts expect that United Natural Foods, Inc. (NASDAQ:UNFI) will announce $2.36 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for United Natural Foods’ earnings, with the highest sales estimate coming in at $2.37 billion and the lowest estimate coming in at $2.36 billion. United Natural Foods reported sales of $2.21 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.8%. The firm is expected to report its next quarterly earnings report on Monday, September 11th.

According to Zacks, analysts expect that United Natural Foods will report full-year sales of $2.36 billion for the current fiscal year, with estimates ranging from $9.29 billion to $9.30 billion. For the next fiscal year, analysts expect that the firm will report sales of $9.73 billion per share, with estimates ranging from $9.55 billion to $9.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for United Natural Foods.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year.

UNFI has been the subject of a number of research analyst reports. Citigroup Inc. reissued a “buy” rating and issued a $49.00 target price (down from $54.00) on shares of United Natural Foods in a research report on Saturday, April 22nd. Zacks Investment Research raised United Natural Foods from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. Loop Capital initiated coverage on United Natural Foods in a research report on Monday, May 15th. They issued a “buy” rating and a $48.00 target price for the company. Jefferies Group LLC set a $44.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Friday, May 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $34.00 target price on shares of United Natural Foods in a research report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. United Natural Foods presently has a consensus rating of “Hold” and an average target price of $40.86.

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United Natural Foods (NASDAQ UNFI) opened at 35.94 on Friday. United Natural Foods has a 52 week low of $29.53 and a 52 week high of $50.15. The stock has a 50 day moving average price of $36.51 and a 200 day moving average price of $40.96. The stock has a market capitalization of $1.82 billion, a PE ratio of 14.43 and a beta of 1.39.

Institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC increased its position in shares of United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock worth $126,000 after buying an additional 252 shares during the period. Sei Investments Co. increased its position in shares of United Natural Foods by 47.2% in the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after buying an additional 1,162 shares during the period. Neuburgh Advisers LLC increased its position in shares of United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock worth $153,000 after buying an additional 306 shares during the period. LS Investment Advisors LLC increased its position in shares of United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after buying an additional 711 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock worth $154,000 after buying an additional 548 shares during the period. 98.62% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for United Natural Foods (NASDAQ:UNFI)

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