Brokerages predict that US Foods Holding Corp. (NYSE: USFD) will post earnings of $ 0.34 per share for the current fiscal quarter, Zacks reports. Three analysts have released earnings estimates for US Foods, with estimates ranging from $ 0.28 to $ 0.38. US Foods reported earnings of ($ 0.25) per share for the same quarter last year, suggesting a positive year-over-year growth rate of 236%. The company is expected to release its next quarterly earnings report on Tuesday, August 3.
According to Zacks, analysts expect US Foods to report annual earnings of $ 1.61 per share for the current fiscal year, with EPS estimates ranging from $ 1.50 to $ 1.67. For the next fiscal year, analysts predict the company will post earnings of $ 2.67 per share, with EPS estimates ranging from $ 2.35 to $ 3.16. Zacks’ BPA calculations are an average based on a survey of seller-side research analysts who follow US Foods.
US Foods (NYSE: USFD) last released its results on Monday, May 10. The company reported earnings per share (EPS) of $ 0.12 for the quarter, beating analyst consensus estimates of $ 0.03 by $ 0.09. US Foods posted a positive return on equity of 1.45% and a negative net margin of 0.52%. The company posted revenue of $ 6.30 billion in the quarter, compared to $ 5.94 billion expected by analysts. In the same quarter of the previous year, the company achieved EPS of $ 0.26. The company’s revenue for the quarter was down 0.7% from the same quarter last year.
USFD has been the subject of a number of analyst reports. Morgan Stanley raised its price target on US food from $ 41.00 to $ 45 and gave the company an “equal weight” rating in a research report published on Tuesday, May 11. JPMorgan Chase & Co. raised its price target on US foods from $ 38.00 to $ 44.00 and gave the company a “neutral” rating in a research report released on Monday, April 12. They noted that the move was an appraisal call. Zacks Investment Research downgraded US Foods from a “hold” rating to a “strong buy” rating and set a price target of $ 42.00 for the stock in a research report released on Friday, May 14. BTIG Research raised its price target on US foods from $ 39 to $ 45 and gave the company a “buy” rating in a research report published on Wednesday, March 31. Finally, Piper Sandler kicked off coverage on American foods in a research report on Friday, April 9. They set an “overweight” rating and a target price of $ 45 for the stock. Two research analysts gave the stock a conservation rating, seven gave the stock a buy rating, and one gave the stock a high buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 41.70.
The USFD traded up $ 1.41 on Tuesday, reaching $ 34.41. The stock had a trading volume of 90,297 shares, compared to its average volume of 1,834,779. US Foods has a fifty-two week low of $ 19.42 and a 52.10 week high. The company’s 50-day moving average price is $ 37.78. The company has a debt ratio of 1.60, a current ratio of 1.59, and a quick ratio of 1.02. The stock has a market cap of $ 7.64 billion, a P / E ratio of -46.31 and a beta of 1.82.
In other news from US Foods, CFO Dirk J. Locascio sold 21,529 shares in a trade that took place on Tuesday, June 8. The stock was sold for an average price of $ 40.00, for a total value of $ 861,160.00. As a result of the transaction, the CFO now owns 119,600 shares of the company, valued at $ 4,784,000. The sale was disclosed in a file with the SEC, accessible through this hyperlink. Additionally, CEO Pietro Satriano sold 133,561 shares in a trade that took place on Friday, May 14. The stock was sold for an average price of $ 39.00, for a total value of $ 5,208,879.00. Following the completion of the sale, the CEO now directly owns 683,339 shares of the company, valued at $ 26,650,221. Disclosure of this sale can be found here. 1.00% of the shares are currently owned by company insiders.
Institutional investors have recently changed their holdings in the company. Wealthcare Advisory Partners LLC purchased a new equity stake in US Foods in the first quarter valued at approximately $ 35,000. International Assets Investment Management LLC increased its stake in US Foods shares by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,084 shares of the company valued at $ 39,000 after purchasing 542 additional shares in the last quarter. Eaton Vance Management purchased a new equity stake in US Foods in the first quarter valued at approximately $ 48,000. Arlington Partners LLC purchased a new equity stake in US Foods in the first quarter valued at approximately $ 66,000. Finally, Salem Investment Counselors Inc. purchased a new stake in US Foods shares in the fourth quarter valued at approximately $ 67,000. 92.55% of the shares are held by hedge funds and other institutional investors.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary US Foods, Inc, markets and distributes fresh, frozen and dry food and non-food products to restaurant customers in the United States. The company’s customers include independent single-unit 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 outlets.
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