$3.82 Billion in Sales Expected for US Foods Holding Corp (NYSE:USFD) This Quarter

Wall Street analysts expect US Foods Holding Corp (NYSE:USFD) to post sales of $3.82 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for US Foods’ earnings, with the lowest sales estimate coming in at $3.79 billion and the highest estimate coming in at $3.84 billion. US Foods posted sales of $6.44 billion during the same quarter last year, which suggests a negative year over year growth rate of 40.7%. The business is scheduled to issue its next earnings report on Tuesday, August 4th.

On average, analysts expect that US Foods will report full-year sales of $21.02 billion for the current financial year, with estimates ranging from $20.85 billion to $21.19 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $25.46 billion, with estimates ranging from $24.33 billion to $26.59 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow US Foods.

US Foods (NYSE:USFD) last released its earnings results on Tuesday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. US Foods had a return on equity of 12.72% and a net margin of 0.69%. The firm had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $6.30 billion. During the same quarter in the previous year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis.

Several research analysts have recently weighed in on the company. Guggenheim cut their price target on US Foods from $50.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, May 18th. BMO Capital Markets downgraded US Foods from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $50.00 to $20.00 in a research note on Thursday, April 23rd. Cfra downgraded US Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $30.00 in a research note on Thursday, March 12th. JPMorgan Chase & Co. cut their price target on US Foods from $45.00 to $24.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Finally, ValuEngine upgraded US Foods from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.50.

In other news, Director Carl Andrew Pforzheimer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were bought at an average cost of $21.01 per share, with a total value of $105,050.00. Following the acquisition, the director now owns 21,997 shares in the company, valued at approximately $462,156.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.96% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in USFD. Charles Schwab Investment Management Inc. grew its position in US Foods by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,530 shares of the company’s stock worth $51,464,000 after acquiring an additional 28,009 shares during the last quarter. Macquarie Group Ltd. grew its position in US Foods by 135.9% during the 4th quarter. Macquarie Group Ltd. now owns 487,188 shares of the company’s stock worth $20,409,000 after acquiring an additional 280,638 shares during the last quarter. Franklin Resources Inc. grew its position in US Foods by 110.9% during the 4th quarter. Franklin Resources Inc. now owns 11,475 shares of the company’s stock worth $481,000 after acquiring an additional 6,035 shares during the last quarter. Bank of America Corp DE grew its position in US Foods by 15.3% during the 4th quarter. Bank of America Corp DE now owns 730,447 shares of the company’s stock worth $30,599,000 after acquiring an additional 96,739 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in US Foods by 18.7% during the 1st quarter. AQR Capital Management LLC now owns 1,314,418 shares of the company’s stock worth $23,278,000 after acquiring an additional 207,244 shares during the last quarter. 91.56% of the stock is currently owned by institutional investors.

Shares of NYSE:USFD traded down $0.75 during trading on Monday, reaching $19.10. 4,984,260 shares of the stock were exchanged, compared to its average volume of 5,019,550. The stock has a fifty day moving average of $19.63 and a two-hundred day moving average of $28.50. US Foods has a 1-year low of $8.32 and a 1-year high of $43.10. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 9.59 and a beta of 1.40. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.94 and a quick ratio of 1.23.

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

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