US Foods (USFD) Issues FY18 Earnings Guidance

US Foods (NYSE:USFD) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.89. The company issued revenue guidance of +3-4% to ~$24.87-25.11 billion, compared to the consensus revenue estimate of $25.06 billion.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded US Foods from a hold rating to a buy rating and set a $38.00 price target for the company in a research note on Saturday, January 27th. Guggenheim reiterated a buy rating and issued a $40.00 price target on shares of US Foods in a research note on Sunday, January 28th. Barclays cut US Foods from an overweight rating to an equal weight rating and set a $32.00 price target for the company. in a research note on Tuesday, January 16th. Royal Bank of Canada reiterated a buy rating and issued a $38.00 price target on shares of US Foods in a research note on Friday, February 2nd. Finally, Loop Capital set a $32.00 price target on US Foods and gave the company a hold rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $34.00.

Shares of US Foods (NYSE USFD) traded up $1.83 during trading hours on Thursday, reaching $31.82. The company had a trading volume of 3,746,320 shares, compared to its average volume of 2,789,532. The company has a market cap of $6,725.07, a price-to-earnings ratio of 20.50, a P/E/G ratio of 0.99 and a beta of 0.86. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40. US Foods has a twelve month low of $25.43 and a twelve month high of $33.91.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 15th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $5.92 billion. US Foods had a return on equity of 12.64% and a net margin of 1.11%. US Foods’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. equities analysts anticipate that US Foods will post 1.16 earnings per share for the current fiscal year.

In related news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.56% of the stock is owned by company insiders.

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US Foods Company Profile

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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