US Foods (USFD) Releases FY18 Earnings Guidance

US Foods (NYSE:USFD) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.00-$2.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.05. The company issued revenue guidance of ~$24.87 billion, compared to the consensus revenue estimate of $25.05 billion.

Several equities analysts have commented on the company. Morgan Stanley raised US Foods from an equal weight rating to an overweight rating and set a $43.00 price objective on the stock in a research report on Tuesday. Pivotal Research reissued a hold rating and set a $33.00 price target on shares of US Foods in a research report on Monday, May 7th. Royal Bank of Canada reissued a sector perform rating and set a $38.00 price target (up previously from $36.00) on shares of US Foods in a research report on Tuesday, May 1st. Credit Suisse Group started coverage on US Foods in a research report on Tuesday, April 17th. They set an outperform rating and a $40.00 price target on the stock. Finally, JPMorgan Chase increased their price target on US Foods from $36.00 to $37.00 and gave the stock an overweight rating in a research report on Friday, March 23rd. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $37.33.

Shares of USFD stock opened at $34.07 on Tuesday. US Foods has a 1-year low of $34.01 and a 1-year high of $34.54. The stock has a market cap of $7.36 billion, a P/E ratio of 37.44, a P/E/G ratio of 0.97 and a beta of 0.47. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. US Foods had a return on equity of 11.56% and a net margin of 2.00%. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts anticipate that US Foods will post 2.07 earnings per share for the current fiscal year.

In other US Foods news, CEO Pietro Satriano sold 163,284 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $33.04, for a total value of $5,394,903.36. Following the completion of the sale, the chief executive officer now directly owns 340,989 shares in the company, valued at $11,266,276.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jay Kvasnicka sold 59,305 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 sold 803,603 shares of company stock valued at $26,855,726. 0.57% of the stock is currently owned by company insiders.

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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