Zacks: Analysts Expect US Foods Holding Corp (NYSE:USFD) Will Announce Earnings of $0.66 Per Share

Analysts predict that US Foods Holding Corp (NYSE:USFD) will announce $0.66 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for US Foods’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.64. US Foods reported earnings per share of $0.56 during the same quarter last year, which indicates a positive year-over-year growth rate of 17.9%. The company is scheduled to report its next earnings report on Tuesday, February 11th.

According to Zacks, analysts expect that US Foods will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.40. For the next fiscal year, analysts forecast that the firm will report earnings of $2.61 per share, with EPS estimates ranging from $2.52 to $2.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow US Foods.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. US Foods had a net margin of 1.57% and a return on equity of 14.40%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a report on Friday, October 11th. ValuEngine downgraded shares of US Foods from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Bank of America boosted their target price on shares of US Foods from $44.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.83.

In related news, CEO Pietro Satriano sold 184,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.23, for a total value of $7,244,447.18. Following the completion of the sale, the chief executive officer now directly owns 275,499 shares in the company, valued at $10,807,825.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Nuveen Asset Management LLC grew its stake in US Foods by 12,392.4% during the second quarter. Nuveen Asset Management LLC now owns 2,898,373 shares of the company’s stock worth $103,646,000 after buying an additional 2,875,172 shares during the period. Man Group plc lifted its position in shares of US Foods by 653.4% during the third quarter. Man Group plc now owns 1,994,564 shares of the company’s stock worth $81,977,000 after purchasing an additional 1,729,836 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in shares of US Foods by 11.2% during the second quarter. Longview Partners Guernsey LTD now owns 16,865,690 shares of the company’s stock worth $603,117,000 after purchasing an additional 1,702,792 shares in the last quarter. Millennium Management LLC lifted its position in shares of US Foods by 1,620.1% during the third quarter. Millennium Management LLC now owns 1,654,605 shares of the company’s stock worth $68,004,000 after purchasing an additional 1,558,413 shares in the last quarter. Finally, Parnassus Investments CA lifted its position in shares of US Foods by 47.4% during the third quarter. Parnassus Investments CA now owns 4,240,133 shares of the company’s stock worth $174,269,000 after purchasing an additional 1,363,102 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

Shares of NYSE USFD opened at $40.59 on Friday. The company has a market cap of $9.08 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.87 and a beta of 0.47. US Foods has a 12 month low of $32.70 and a 12 month high of $43.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.40 and a quick ratio of 0.82. The company has a 50-day simple moving average of $40.68 and a 200-day simple moving average of $39.40.

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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