Equities research analysts predict that US Foods Holding Corp (NYSE:USFD) will announce sales of $6.36 billion for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for US Foods’ earnings, with estimates ranging from $6.35 billion to $6.36 billion. US Foods reported sales of $6.20 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that US Foods will report full-year sales of $24.67 billion for the current fiscal year, with estimates ranging from $24.39 billion to $25.32 billion. For the next financial year, analysts expect that the company will post sales of $26.39 billion per share, with estimates ranging from $25.39 billion to $28.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover US Foods.
US Foods (NYSE:USFD) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.32 billion. US Foods had a return on equity of 12.66% and a net margin of 2.25%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS.
A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of US Foods from a “c” rating to a “b-” rating in a research note on Friday, May 25th. Wells Fargo & Co lifted their target price on shares of US Foods from $42.00 to $48.00 and gave the company a “$39.60” rating in a research note on Wednesday, July 18th. They noted that the move was a valuation call. ValuEngine upgraded shares of US Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 26th. Citigroup lifted their target price on shares of US Foods from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, June 21st. Finally, Jefferies Financial Group set a $45.00 target price on shares of US Foods and gave the company a “buy” rating in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. US Foods presently has an average rating of “Hold” and an average price target of $38.50.
NYSE:USFD opened at $31.85 on Friday. US Foods has a 1 year low of $25.43 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.81. The company has a market capitalization of $7.07 billion, a PE ratio of 35.00, a PEG ratio of 0.66 and a beta of 0.08.
Institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue increased its holdings in shares of US Foods by 48.6% in the second quarter. State of Alaska Department of Revenue now owns 24,240 shares of the company’s stock valued at $916,000 after purchasing an additional 7,930 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of US Foods in the second quarter valued at approximately $21,368,000. Xact Kapitalforvaltning AB increased its holdings in shares of US Foods by 13.0% in the second quarter. Xact Kapitalforvaltning AB now owns 32,141 shares of the company’s stock valued at $1,216,000 after purchasing an additional 3,700 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of US Foods in the first quarter valued at approximately $5,417,000. Finally, Legal & General Group Plc increased its holdings in shares of US Foods by 31.8% in the first quarter. Legal & General Group Plc now owns 174,523 shares of the company’s stock valued at $5,719,000 after purchasing an additional 42,111 shares in the last quarter.
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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