Analysts Anticipate United Natural Foods Inc (UNFI) Will Post Quarterly Sales of $6.18 Billion

Wall Street analysts expect United Natural Foods Inc (NASDAQ:UNFI) to report $6.18 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have made estimates for United Natural Foods’ earnings. The highest sales estimate is $6.76 billion and the lowest is $5.94 billion. United Natural Foods reported sales of $2.65 billion in the same quarter last year, which suggests a positive year over year growth rate of 133.2%. The firm is scheduled to report its next earnings report on Wednesday, June 5th.

According to Zacks, analysts expect that United Natural Foods will report full-year sales of $21.70 billion for the current fiscal year, with estimates ranging from $21.43 billion to $21.89 billion. For the next financial year, analysts anticipate that the business will report sales of $24.65 billion, with estimates ranging from $23.60 billion to $25.61 billion. Zacks Investment Research’s sales calculations 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 earnings results on Tuesday, March 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.21. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.01 billion. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. During the same quarter in the previous year, the business posted $0.71 earnings per share.



A number of equities analysts have recently weighed in on the stock. BidaskClub lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Barclays downgraded shares of United Natural Foods from an “equal weight” rating to an “underweight” rating in a report on Tuesday, March 12th. Pivotal Research downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating and lowered their target price for the company from $14.00 to $8.00 in a report on Thursday, March 7th. Finally, Loop Capital lowered their target price on shares of United Natural Foods to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UNFI. Legal & General Group Plc grew its stake in United Natural Foods by 3.1% during the third quarter. Legal & General Group Plc now owns 82,857 shares of the company’s stock worth $2,482,000 after buying an additional 2,458 shares during the period. Morgan Stanley grew its stake in United Natural Foods by 160.6% during the third quarter. Morgan Stanley now owns 499,124 shares of the company’s stock worth $14,949,000 after buying an additional 307,613 shares during the period. Vanguard Group Inc. grew its stake in United Natural Foods by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,673,478 shares of the company’s stock worth $139,970,000 after buying an additional 28,394 shares during the period. State of Alaska Department of Revenue purchased a new stake in United Natural Foods during the fourth quarter worth approximately $179,000. Finally, Louisiana State Employees Retirement System grew its stake in United Natural Foods by 38.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,100 shares of the company’s stock worth $202,000 after buying an additional 5,300 shares during the period. Institutional investors own 98.17% of the company’s stock.

NASDAQ:UNFI opened at $11.90 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.59 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $604.76 million, a PE ratio of 3.83, a PEG ratio of 0.82 and a beta of 2.15. United Natural Foods has a 1-year low of $9.23 and a 1-year high of $47.36.

United Natural Foods Company Profile

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 and Estimates for United Natural Foods (NASDAQ:UNFI)

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