$0.32 EPS Expected for US Foods Holding Corp. (USFD) This Quarter

Brokerages expect US Foods Holding Corp. (NYSE:USFD) to post earnings per share (EPS) of $0.32 for the current quarter, Zacks reports. Two analysts have provided estimates for US Foods’ earnings. The lowest EPS estimate is $0.32 and the highest is $0.33. US Foods reported earnings of $0.18 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 77.8%. The business is expected to report its next earnings results on Tuesday, May 8th.

On average, analysts expect that US Foods will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.10. For the next year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.33 to $2.63. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow US Foods.

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US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.92 billion. US Foods had a net margin of 1.84% and a return on equity of 10.70%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS.

A number of equities analysts have commented on USFD shares. Zacks Investment Research cut US Foods from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Bank of America increased their price target on US Foods from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, March 16th. JPMorgan Chase increased their price target on US Foods from $36.00 to $37.00 and gave the company an “overweight” rating in a report on Friday, March 23rd. BMO Capital Markets set a $37.00 price target on US Foods and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $40.00 price target (up previously from $38.00) on shares of US Foods in a report on Friday, March 16th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. US Foods has an average rating of “Buy” and a consensus price target of $36.67.

US Foods stock traded down $0.31 during trading hours on Tuesday, hitting $33.19. 2,502,016 shares of the stock traded hands, compared to its average volume of 2,079,763. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.80 and a current ratio of 1.41. The company has a market cap of $7,140.70, a PE ratio of 36.47, a PEG ratio of 1.00 and a beta of 0.50. US Foods has a 1 year low of $25.43 and a 1 year high of $35.10.

In related news, insider David A. Rickard sold 17,176 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total value of $557,189.44. Following the completion of the transaction, the insider now directly owns 30,106 shares in the company, valued at $976,638.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Pietro Satriano sold 163,284 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $33.04, for a total value of $5,394,903.36. Following the completion of the transaction, the chief executive officer now owns 340,989 shares of the company’s stock, valued at $11,266,276.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,029 shares of company stock valued at $21,423,827. Insiders own 0.57% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in shares of US Foods by 15.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 467,000 shares of the company’s stock worth $12,469,000 after purchasing an additional 63,743 shares during the last quarter. Brown Advisory Inc. bought a new stake in US Foods during the 3rd quarter valued at $214,000. Dimensional Fund Advisors LP bought a new stake in US Foods during the 3rd quarter valued at $19,197,000. California State Teachers Retirement System raised its position in US Foods by 19.1% during the 3rd quarter. California State Teachers Retirement System now owns 293,887 shares of the company’s stock valued at $7,847,000 after purchasing an additional 47,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in US Foods by 180.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,093 shares of the company’s stock valued at $375,000 after purchasing an additional 9,071 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.

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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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