US Foods Holding Corp (NYSE:USFD) Expected to Post Quarterly Sales of $6.36 Billion

Analysts expect that US Foods Holding Corp (NYSE:USFD) will post sales of $6.36 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for US Foods’ earnings, with the lowest sales estimate coming in at $6.34 billion and the highest estimate coming in at $6.37 billion. US Foods posted sales of $6.16 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.2%. The business is scheduled to report its next earnings report before the market opens on Tuesday, August 6th.

On average, analysts expect that US Foods will report full year sales of $25.02 billion for the current year, with estimates ranging from $24.98 billion to $25.06 billion. For the next financial year, analysts forecast that the firm will post sales of $26.14 billion, with estimates ranging from $25.77 billion to $26.77 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow US Foods.

US Foods (NYSE:USFD) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. US Foods had a return on equity of 14.10% and a net margin of 1.69%. The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis.

A number of equities analysts recently commented on USFD shares. Pivotal Research restated a “hold” rating and issued a $32.00 price objective on shares of US Foods in a report on Thursday, May 9th. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Finally, Buckingham Research set a $19.00 price objective on Adient and gave the stock a “sell” rating in a report on Wednesday, May 8th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.89.

In other US Foods news, CFO Dirk J. Locascio sold 21,332 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total transaction of $807,416.20. Following the transaction, the chief financial officer now owns 58,708 shares in the company, valued at $2,222,097.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Keith D. Rohland sold 62,780 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.60, for a total value of $2,297,748.00. Following the transaction, the insider now owns 82,464 shares in the company, valued at approximately $3,018,182.40. The disclosure for this sale can be found here. Insiders sold 111,589 shares of company stock worth $4,110,485 in the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in USFD. CENTRAL TRUST Co acquired a new position in US Foods during the second quarter valued at approximately $76,000. Stevens First Principles Investment Advisors grew its holdings in US Foods by 84.2% during the first quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock valued at $89,000 after purchasing an additional 1,170 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in US Foods by 170.2% during the first quarter. Quadrant Capital Group LLC now owns 2,915 shares of the company’s stock valued at $98,000 after purchasing an additional 1,836 shares during the last quarter. Cutler Group LP grew its holdings in US Foods by 2,800.0% during the first quarter. Cutler Group LP now owns 2,900 shares of the company’s stock valued at $101,000 after purchasing an additional 2,800 shares during the last quarter. Finally, Icon Advisers Inc. Co. bought a new stake in shares of US Foods in the first quarter valued at approximately $206,000. Institutional investors own 96.17% of the company’s stock.

NYSE:USFD traded down $0.21 during mid-day trading on Monday, reaching $35.21. The stock had a trading volume of 1,047,259 shares, compared to its average volume of 1,191,117. The company has a 50 day moving average of $35.99. US Foods has a fifty-two week low of $27.51 and a fifty-two week high of $40.92. The company has a market cap of $7.74 billion, a PE ratio of 17.34, a P/E/G ratio of 1.93 and a beta of 0.58. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 1.39.

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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