Brokerages Anticipate US Foods Holding Corp (USFD) to Post $0.63 Earnings Per Share

Equities analysts predict that US Foods Holding Corp (NYSE:USFD) will announce earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for US Foods’ earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.63. US Foods posted earnings of $0.57 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The company is expected to report its next earnings report on Monday, July 29th.

According to Zacks, analysts expect that US Foods will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.21. For the next fiscal year, analysts forecast that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.43 to $2.60. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover US Foods.

US Foods (NYSE:USFD) last issued its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. US Foods had a return on equity of 14.18% and a net margin of 1.68%. The company had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.96 billion. During the same period last year, the business earned $0.35 EPS. US Foods’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several equities analysts have weighed in on USFD shares. Buckingham Research upgraded US Foods from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $48.00 in a research note on Wednesday. Pivotal Research restated a “hold” rating and set a $32.00 price objective on shares of US Foods in a research note on Wednesday, February 13th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.67.

In other news, EVP Steven Guberman sold 10,834 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $35.49, for a total transaction of $384,498.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Rickard sold 8,558 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $34.81, for a total value of $297,903.98. Following the sale, the insider now directly owns 32,100 shares of the company’s stock, valued at $1,117,401. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,460 shares of company stock valued at $1,506,491. Insiders own 0.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in US Foods by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,903,382 shares of the company’s stock worth $89,483,000 after acquiring an additional 34,643 shares during the last quarter. Highland Capital Management LLC increased its holdings in US Foods by 29.1% in the 4th quarter. Highland Capital Management LLC now owns 139,800 shares of the company’s stock worth $4,423,000 after acquiring an additional 31,550 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in US Foods by 1.9% in the 4th quarter. State of Alaska Department of Revenue now owns 23,097 shares of the company’s stock worth $730,000 after acquiring an additional 429 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in US Foods in the 1st quarter worth about $2,455,000. Finally, SignalPoint Asset Management LLC increased its holdings in US Foods by 3.4% in the 4th quarter. SignalPoint Asset Management LLC now owns 19,715 shares of the company’s stock worth $624,000 after acquiring an additional 656 shares during the last quarter. 99.63% of the stock is owned by hedge funds and other institutional investors.

Shares of USFD opened at $38.25 on Friday. US Foods has a 12-month low of $27.51 and a 12-month high of $40.92. The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $7.94 billion, a P/E ratio of 18.84, a PEG ratio of 1.24 and a beta of 0.55.

About US Foods

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

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