US Foods Holding Corp. (NYSE:USFD) Expected to Announce Earnings of $0.22 Per Share


Share on StockTwits

Analysts forecast that US Foods Holding Corp. (NYSE:USFD) will report $0.22 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for US Foods’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.33. US Foods posted earnings per share of $0.66 in the same quarter last year, which indicates a negative year over year growth rate of 66.7%. The firm is expected to report its next quarterly earnings report on Tuesday, February 9th.

According to Zacks, analysts expect that US Foods will report full-year earnings of $0.28 per share for the current year, with EPS estimates ranging from $0.17 to $0.40. For the next fiscal year, analysts anticipate that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.36 to $1.74. Zacks’ earnings per share averages are an average based on a survey of research firms that follow US Foods.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02). US Foods had a positive return on equity of 7.25% and a negative net margin of 0.11%. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis.

A number of research analysts recently weighed in on the stock. BTIG Research raised their price target on shares of US Foods from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, December 14th. Zacks Investment Research upgraded shares of US Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, December 29th. Wolfe Research began coverage on shares of US Foods in a research note on Tuesday, September 22nd. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Credit Suisse Group lifted their price objective on shares of US Foods from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, November 3rd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $32.91.

Shares of US Foods stock traded up $0.11 during trading hours on Monday, reaching $35.84. The company’s stock had a trading volume of 11,454 shares, compared to its average volume of 2,031,077. US Foods has a one year low of $8.32 and a one year high of $42.28. The company has a market capitalization of $7.92 billion, a P/E ratio of -255.20 and a beta of 1.47. The stock’s fifty day simple moving average is $33.33 and its two-hundred day simple moving average is $25.98. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.62.

In other news, insider Andrew E. Iacobucci sold 14,468 shares of US Foods stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $29.92, for a total value of $432,882.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jay Kvasnicka sold 35,087 shares of US Foods stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $34.00, for a total value of $1,192,958.00. Following the completion of the transaction, the executive vice president now owns 87,185 shares of the company’s stock, valued at approximately $2,964,290. The disclosure for this sale can be found here. Insiders have sold a total of 132,455 shares of company stock valued at $4,242,370 over the last 90 days. 0.96% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Carolina Wealth Advisors LLC lifted its stake in US Foods by 118.7% in the third quarter. Carolina Wealth Advisors LLC now owns 1,664 shares of the company’s stock valued at $37,000 after purchasing an additional 903 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in US Foods during the 3rd quarter valued at about $44,000. Sowell Financial Services LLC grew its stake in shares of US Foods by 273.2% in the 4th quarter. Sowell Financial Services LLC now owns 4,124 shares of the company’s stock valued at $137,000 after buying an additional 3,019 shares in the last quarter. Private Advisor Group LLC bought a new stake in US Foods during the second quarter worth approximately $141,000. Finally, Ballew Advisors Inc acquired a new position in shares of US Foods during the fourth quarter worth approximately $202,000. 90.11% of the stock is owned by institutional investors.

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. The company's 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.

Featured Article: How much money do you need to begin day trading?

Get a free copy of the Zacks research report on US Foods (USFD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.