United Natural Foods (NASDAQ:UNFI) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $1.69-$1.89 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.32. The company issued revenue guidance of $21.5-$22.0 billion, compared to the consensus revenue estimate of $21.52 billion.United Natural Foods also updated its FY 2019 guidance to $1.69-1.89 EPS.
Several research analysts have recently commented on the stock. Loop Capital set a $36.00 target price on shares of United Natural Foods and gave the stock a buy rating in a report on Friday. Wells Fargo & Co decreased their price objective on shares of United Natural Foods from $25.00 to $18.00 and set a market perform rating on the stock in a research note on Friday. Morgan Stanley decreased their price objective on shares of United Natural Foods from $23.00 to $21.00 and set an underweight rating on the stock in a research note on Friday. BMO Capital Markets set a $28.00 price objective on shares of United Natural Foods and gave the company a hold rating in a research note on Friday, September 21st. Finally, Buckingham Research cut shares of United Natural Foods from a buy rating to a neutral rating and decreased their price objective for the company from $41.00 to $26.00 in a research note on Wednesday, October 24th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $32.11.
Shares of NASDAQ:UNFI opened at $14.88 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of 4.78, a price-to-earnings-growth ratio of 0.80 and a beta of 1.62. The company has a current ratio of 2.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. United Natural Foods has a 52 week low of $14.45 and a 52 week high of $52.55.
In other news, Director James P. Heffernan sold 3,820 shares of United Natural Foods stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the transaction, the director now owns 6,960 shares in the company, valued at $205,320. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
ILLEGAL ACTIVITY NOTICE: This story was first posted by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.wkrb13.com/2018/12/08/united-natural-foods-unfi-updates-fy19-earnings-guidance.html.
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.
Read More: Trading Penny Stocks
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.