BMO Capital Reiterates Market Perform on United Natural Foods (UNFI) Following 4Q EPS Beat

September 13, 2016 9:10 AM EDT
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Price: $40.89 -0.44%

Rating Summary:
    5 Buy, 17 Hold, 5 Sell

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    Up: 14 | Down: 11 | New: 8
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BMO Capital reiterated a Market Perform rating and $45.00 price target on United Natural Foods (NASDAQ: UNFI) following the company's 4Q earnings report. UNFI reported adjusted EPS of $0.70 compared with the consensus of $0.63.

Analyst Kelly Bania commented, "UNFI reported better-than-expected adjusted FY4Q16 EPS of $0.70 versus our forecast of $0.64 and consensus $0.63. UNFI also provided initial FY2017 GAAP EPS guidance of $2.53-2.63 which at the midpoint is about 4-5% below our forecast of $2.72 and consensus of $2.68."

For an analyst ratings summary and ratings history on United Natural Foods click here. For more ratings news on United Natural Foods click here.

Shares of United Natural Foods closed at $41.82 yesterday.

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