United Natural Foods (NYSE:UNFI) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.22-1.76 for the period, compared to the Thomson Reuters consensus estimate of $1.40. The company issued revenue guidance of $23.5-24.3 billion, compared to the consensus revenue estimate of $23.65 billion.
A number of analysts recently weighed in on the company. Buckingham Research decreased their price objective on United Natural Foods from $11.00 to $10.00 and set a neutral rating for the company in a report on Thursday. Pivotal Research decreased their price objective on United Natural Foods from $6.00 to $3.00 and set a sell rating for the company in a report on Thursday, October 3rd. Loop Capital decreased their price objective on United Natural Foods to $14.00 and set a buy rating for the company in a report on Wednesday, August 28th. BidaskClub upgraded United Natural Foods from a buy rating to a strong-buy rating in a report on Friday, September 20th. Finally, ValuEngine upgraded United Natural Foods from a sell rating to a hold rating in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $11.00.
NYSE UNFI opened at $7.23 on Friday. The company has a market capitalization of $376.97 million, a price-to-earnings ratio of 3.48, a PEG ratio of 0.51 and a beta of 2.14. United Natural Foods has a twelve month low of $6.56 and a twelve month high of $15.63. The stock has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $9.08. The company has a quick ratio of 0.70, a current ratio of 1.69 and a debt-to-equity ratio of 3.62.
United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Wednesday, December 11th. The company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.11). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $5.80 billion. United Natural Foods had a negative net margin of 2.65% and a positive return on equity of 5.89%. The business’s revenue for the quarter was up 109.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. Research analysts expect that United Natural Foods will post 1.53 earnings per share for the current fiscal year.
In other news, Director James L. Muehlbauer purchased 30,000 shares of the business’s stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $6.91 per share, with a total value of $207,300.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $207,300. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Roy purchased 10,000 shares of the business’s stock in a transaction on Monday, October 7th. The shares were purchased at an average cost of $7.50 per share, for a total transaction of $75,000.00. Following the transaction, the director now directly owns 49,154 shares of the company’s stock, valued at approximately $368,655. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
Further Reading: Oversold
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