United Natural Foods (UNFI) Releases FY 2019 Earnings Guidance
United Natural Foods (NASDAQ:UNFI) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.69-1.89 for the period, compared to the Thomson Reuters consensus estimate of $3.33. The company issued revenue guidance of $21.5-22 billion, compared to the consensus revenue estimate of $21.72 billion.
Shares of UNFI traded down $0.59 during mid-day trading on Thursday, hitting $19.73. The company’s stock had a trading volume of 1,713,819 shares, compared to its average volume of 828,412. The stock has a market capitalization of $1.04 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.82 and a beta of 1.62. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.56 and a quick ratio of 0.93. United Natural Foods has a fifty-two week low of $19.41 and a fifty-two week high of $52.55.
United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.09). The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.61 billion. United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts forecast that United Natural Foods will post 3.44 EPS for the current fiscal year.
In other news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total value of $112,690.00. Following the transaction, the director now directly owns 6,960 shares of the company’s stock, valued at $205,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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