United Natural Foods (UNFI) Set to Announce Quarterly Earnings on Wednesday

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United Natural Foods (NYSE:UNFI) will be announcing its earnings results before the market opens on Wednesday, December 11th. Analysts expect the company to announce earnings of $0.23 per share for the quarter. United Natural Foods has set its FY 2020 guidance at $1.22-1.76 EPS and its FY20 guidance at $1.22-1.76 EPS.Parties that wish to register for the company’s conference call can do so using this link.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.08). United Natural Foods had a negative net margin of 1.33% and a positive return on equity of 6.59%. The firm had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.42 billion. The company’s quarterly revenue was up 147.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. On average, analysts expect United Natural Foods to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:UNFI opened at $9.35 on Wednesday. The business’s 50-day moving average price is $7.99 and its 200 day moving average price is $9.20. The firm has a market cap of $498.54 million, a P/E ratio of 4.50, a PEG ratio of 0.76 and a beta of 2.14. United Natural Foods has a 52-week low of $6.56 and a 52-week high of $21.25. The company has a quick ratio of 0.70, a current ratio of 1.69 and a debt-to-equity ratio of 1.94.

In related news, Director James L. Muehlbauer purchased 30,000 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $6.91 per share, with a total value of $207,300.00. Following the purchase, the director now owns 30,000 shares of the company’s stock, valued at approximately $207,300. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Roy acquired 10,000 shares of the business’s stock in a transaction on Monday, October 7th. The shares were bought at an average price of $7.50 per share, for a total transaction of $75,000.00. Following the acquisition, the director now owns 49,154 shares in the company, valued at approximately $368,655. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

UNFI has been the subject of a number of research analyst reports. Pivotal Research cut their price target on shares of United Natural Foods from $6.00 to $3.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Co lowered their price objective on shares of United Natural Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 2nd. Loop Capital lowered their price objective on shares of United Natural Foods to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 28th. ValuEngine upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub raised shares of United Natural Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. United Natural Foods currently has an average rating of “Hold” and an average price target of $13.07.

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.

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Earnings History for United Natural Foods (NYSE:UNFI)

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