Notable News to Watch: United Natural Foods (NYSE:UNFI)

United Natural Foods (NYSE:UNFI) spotted trading -63.47% off 52-week high price. On the other end, the stock has been noted 64.00% away from the low price over the last 52-weeks. The stock changed -3.91% to recent value of $11.07. The stock transacted 1689074 shares during most recent day however it has an average volume of 973.05K shares. The company has 53.17M of outstanding shares and 52.21M shares were floated in the market.

On Oct. 1, 2019, United Natural Foods (NYSE:UNFI) released financial results for the fourth quarter and fiscal year ended August 3, 2019.

Highlights

  • Fourth Quarter Net Sales Increased to $6.41 billion, or 2.8% when excluding the contribution from SUPERVALU and the additional week in the quarter compared to last year’s fourth quarter
  • Fourth Quarter Net income of $18.9 million
  • Fourth Quarter Earnings Per Diluted Share (EPS) of $0.36; Adjusted EPS of $0.44
  • Net outstanding debt decreased by $166 million since the end of the third quarter and $353 million since the end of the first quarter

Its earnings per share (EPS) expected to touch remained 10.50% for this year while earning per share for the next 5-years is expected to reach at -10.65%. UNFI has a gross margin of 13.30% and an operating margin of -1.80% while its profit margin remained -1.50% for the last 12 months.

According to the most recent quarter its current ratio was 1.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.22% from the mean of 20 days, 15.54% from mean of 50 days SMA and performed -3.03% from mean of 200 days price. Company’s performance for the week was -8.59%, 37.69% for month and YTD performance remained 4.53%.

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