Brokerages Expect US Foods Holding Corp. (USFD) Will Announce Earnings of $0.31 Per Share

Brokerages predict that US Foods Holding Corp. (NYSE:USFD) will announce earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for US Foods’ earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.25. US Foods posted earnings per share of $0.18 in the same quarter last year, which suggests a positive year over year growth rate of 72.2%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, May 8th.

On average, analysts expect that US Foods will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.10. For the next fiscal year, analysts anticipate that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.30 to $2.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for US Foods.

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US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.92 billion. US Foods had a return on equity of 10.70% and a net margin of 1.84%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share.

Several research analysts have commented on the stock. BMO Capital Markets raised shares of US Foods from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, March 19th. Credit Suisse Group assumed coverage on shares of US Foods in a research note on Tuesday. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Investment Research lowered shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase lifted their price objective on shares of US Foods from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, March 23rd. Finally, Guggenheim reaffirmed a “buy” rating and set a $40.00 price objective on shares of US Foods in a research note on Sunday, January 28th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.08.

NYSE USFD opened at $34.23 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 1.33. The firm has a market cap of $7,536.58, a price-to-earnings ratio of 37.62, a PEG ratio of 1.00 and a beta of 0.50. US Foods has a 52 week low of $25.43 and a 52 week high of $35.75.

In other news, insider David A. Rickard sold 17,176 shares of US Foods stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total transaction of $557,189.44. Following the completion of the sale, the insider now directly owns 30,106 shares in the company, valued at $976,638.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jay Kvasnicka sold 59,305 shares of US Foods stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.52, for a total value of $2,047,208.60. Following the sale, the insider now owns 18,862 shares of the company’s stock, valued at $651,116.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 644,029 shares of company stock valued at $21,423,827. Corporate insiders own 0.57% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its holdings in shares of US Foods by 15.5% in the fourth quarter. Comerica Bank now owns 12,703 shares of the company’s stock valued at $423,000 after acquiring an additional 1,700 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of US Foods by 25.0% in the fourth quarter. Brown Advisory Inc. now owns 10,000 shares of the company’s stock valued at $319,000 after acquiring an additional 2,000 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of US Foods by 25.4% in the fourth quarter. Advisor Group Inc. now owns 12,076 shares of the company’s stock valued at $386,000 after acquiring an additional 2,443 shares in the last quarter. Twin Tree Management LP raised its holdings in shares of US Foods by 78.4% in the fourth quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock valued at $235,000 after acquiring an additional 3,233 shares in the last quarter. Finally, Financial Gravity Companies Inc. bought a new stake in shares of US Foods in the fourth quarter valued at about $132,000. Hedge funds and other institutional investors own 99.83% of the company’s stock.

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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 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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