United Natural Foods (NASDAQ:UNFI) Issues Quarterly Earnings Results
United Natural Foods (NASDAQ:UNFI) posted its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.09), Briefing.com reports. United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. United Natural Foods updated its FY19 guidance to $3.48-3.58 EPS.
Shares of NASDAQ:UNFI traded down $0.61 on Friday, hitting $27.15. The stock had a trading volume of 1,696,178 shares, compared to its average volume of 682,690. United Natural Foods has a twelve month low of $26.86 and a twelve month high of $52.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 2.56. The company has a market capitalization of $1.51 billion, a PE ratio of 8.73, a P/E/G ratio of 1.23 and a beta of 1.37.
In other news, Director James P. Heffernan sold 3,820 shares of the business’s stock in a transaction 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 sale, the director now owns 6,960 shares in the company, valued at approximately $205,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.
United Natural Foods Company Profile
United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.
Further Reading: The Role of a Fiduciary and Individual Investors
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