United Natural Foods, Inc. (UNFI) Releases Earnings Results, Beats Estimates By $0.02 EPS
United Natural Foods, Inc. (NASDAQ:UNFI) released its quarterly earnings data on Monday. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02, Bloomberg Earnings reports. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $0.70 earnings per share. United Natural Foods’s revenue was up 5.7% compared to the same quarter last year.
Shares of United Natural Foods (NASDAQ:UNFI) traded up 1.75% during midday trading on Wednesday, hitting $37.21. 1,571,600 shares of the stock were exchanged. The firm has a market cap of $1.88 billion, a PE ratio of 14.94 and a beta of 1.39. The firm’s 50-day moving average is $36.04 and its 200 day moving average is $39.23. United Natural Foods has a 52-week low of $29.53 and a 52-week high of $49.74.
A number of equities analysts have recently commented on UNFI shares. Jefferies Group LLC set a $44.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research report on Friday, May 26th. BMO Capital Markets set a $38.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, June 27th. Stephens started coverage on shares of United Natural Foods in a research report on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 8th. Finally, Deutsche Bank AG cut their price objective on shares of United Natural Foods from $46.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, June 7th. Five research 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’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.57.
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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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