Brokerages expect US Foods Holding Corp (NYSE:USFD) to announce earnings per share of $0.42 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for US Foods’ earnings. The highest EPS estimate is $0.43 and the lowest is $0.41. US Foods reported earnings of $0.53 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20.8%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 21st.
On average, analysts expect that US Foods will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.36 to $1.37. For the next financial year, analysts anticipate that the business will post earnings of $1.70 per share, with EPS estimates ranging from $1.63 to $1.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover US Foods.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, November 10th. BidaskClub lowered shares of US Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Barclays raised shares of US Foods from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $32.00 in a report on Wednesday, September 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. US Foods presently has a consensus rating of “Buy” and an average price target of $31.56.
US Foods (USFD) traded up $0.35 during mid-day trading on Friday, reaching $31.27. 3,687,352 shares of the company were exchanged, compared to its average volume of 2,118,918. The firm has a market cap of $6,943.02, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.38. US Foods has a twelve month low of $25.43 and a twelve month high of $31.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.00, for a total value of $559,377,644.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.56% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. bought a new position in shares of US Foods during the 3rd quarter valued at approximately $214,000. Boothbay Fund Management LLC purchased a new position in US Foods during the third quarter valued at approximately $296,000. Strategic Global Advisors LLC raised its position in US Foods by 49.7% during the third quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock valued at $323,000 after acquiring an additional 4,016 shares in the last quarter. Envestnet Asset Management Inc. raised its position in US Foods by 180.6% during the third quarter. Envestnet Asset Management Inc. now owns 14,093 shares of the company’s stock valued at $375,000 after acquiring an additional 9,071 shares in the last quarter. Finally, PEAK6 Investments L.P. purchased a new position in US Foods during the third quarter valued at approximately $528,000. Institutional investors own 96.91% of the company’s stock.
About US Foods
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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