NEW YORK (TheStreet) -- United Natural Foods (UNFI) shares are up 5.3% to $67 in after-hours trading after reporting fourth quarter earnings of 67 cents per diluted share that was 2 cents better than analysts were expecting.
The company also beat analysts full year earnings estimates of $2.50 per share, posting earnings of $2.52 per diluted share.
The natural and organic food distributor forecast 2015 earnings of $2.88 to $3.01 a share on revenue of $8.13 billion to $8.38 billion. Analysts are expecting earnings of $2.88 a share and $7.77 billion in revenue.
TheStreet Ratings team rates UNITED NATURAL FOODS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate UNITED NATURAL FOODS INC (UNFI) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: