Zacks: Brokerages Expect US Foods Holding Corp. (NYSE:USFD) Will Post Earnings of $0.64 Per Share

Equities research analysts expect US Foods Holding Corp. (NYSE:USFD – Get Rating) to announce $0.64 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for US Foods’ earnings. The highest EPS estimate is $0.76 and the lowest is $0.57. US Foods posted earnings of $0.58 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.3%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that US Foods will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.31. For the next financial year, analysts expect that the company will post earnings of $2.87 per share, with EPS estimates ranging from $2.78 to $3.01. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover US Foods.

US Foods (NYSE:USFD – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.17 by $0.19. US Foods had a return on equity of 11.40% and a net margin of 0.56%. The firm had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $7.80 billion. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year.

A number of analysts recently issued reports on USFD shares. Truist Financial started coverage on US Foods in a research report on Tuesday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. CL King raised their price objective on US Foods from $41.00 to $43.00 in a research report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft started coverage on US Foods in a research report on Tuesday, January 18th. They set a “buy” rating and a $44.00 price objective for the company. Morgan Stanley raised their price objective on US Foods from $41.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, April 22nd. Finally, Zacks Investment Research raised US Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $41.70.

In other US Foods news, Director Court D. Carruthers bought 14,040 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were acquired at an average price of $35.55 per share, with a total value of $499,122.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cheryl A. Bachelder bought 6,000 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were acquired at an average cost of $34.57 per share, for a total transaction of $207,420.00. The disclosure for this purchase can be found here. Insiders bought a total of 51,040 shares of company stock valued at $1,726,752 in the last quarter. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of USFD. Sachem Head Capital Management LP boosted its stake in US Foods by 197.0% during the 4th quarter. Sachem Head Capital Management LP now owns 20,209,852 shares of the company’s stock worth $703,909,000 after purchasing an additional 13,406,300 shares during the period. Vanguard Group Inc. grew its position in US Foods by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,841,409 shares of the company’s stock worth $709,002,000 after purchasing an additional 167,929 shares during the last quarter. Boston Partners grew its position in US Foods by 14.6% during the 1st quarter. Boston Partners now owns 14,463,813 shares of the company’s stock worth $543,726,000 after purchasing an additional 1,845,762 shares during the last quarter. BlackRock Inc. grew its position in US Foods by 1.1% during the 4th quarter. BlackRock Inc. now owns 8,583,406 shares of the company’s stock worth $298,961,000 after purchasing an additional 91,106 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in US Foods by 2.1% during the 4th quarter. Bessemer Group Inc. now owns 7,439,354 shares of the company’s stock worth $259,112,000 after purchasing an additional 154,663 shares during the last quarter. 97.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of USFD traded up $1.76 during midday trading on Friday, reaching $34.49. The company had a trading volume of 1,867,816 shares, compared to its average volume of 1,692,193. US Foods has a 1-year low of $30.02 and a 1-year high of $40.51. The stock has a market cap of $7.70 billion, a PE ratio of 54.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The firm has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $35.75. The company has a quick ratio of 0.75, a current ratio of 1.41 and a debt-to-equity ratio of 1.32.

US Foods Company Profile (Get Rating)

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. The company's 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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