Equities analysts expect US Foods Holding Corp (NYSE:USFD) to post earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for US Foods’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.64. US Foods posted earnings of $0.57 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 10.5%. The firm is expected to issue its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that US Foods will report full year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.14 to $2.21. For the next year, analysts expect that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.43 to $2.60. Zacks’ earnings per share averages are an average based on a survey of research firms that follow US Foods.
US Foods (NYSE:USFD) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $6.03 billion for the quarter, compared to analysts’ expectations of $5.96 billion. US Foods had a return on equity of 14.18% and a net margin of 1.68%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS.
In other US Foods news, EVP Steven Guberman sold 10,834 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $35.49, for a total transaction of $384,498.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Dirk J. Locascio sold 24,068 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $34.24, for a total value of $824,088.32. Following the transaction, the chief financial officer now owns 33,566 shares in the company, valued at $1,149,299.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,460 shares of company stock worth $1,506,491. 0.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of USFD. Bank of New York Mellon Corp grew its position in US Foods by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,903,382 shares of the company’s stock worth $89,483,000 after purchasing an additional 34,643 shares during the last quarter. Martingale Asset Management L P grew its position in US Foods by 22.3% in the 3rd quarter. Martingale Asset Management L P now owns 436,184 shares of the company’s stock worth $13,445,000 after purchasing an additional 79,404 shares during the last quarter. Jane Street Group LLC grew its position in US Foods by 119.0% in the 3rd quarter. Jane Street Group LLC now owns 9,486 shares of the company’s stock worth $292,000 after purchasing an additional 59,486 shares during the last quarter. Neuberger Berman Group LLC grew its position in US Foods by 1.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,720,559 shares of the company’s stock worth $207,128,000 after purchasing an additional 113,676 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in US Foods by 85.8% in the 3rd quarter. Nordea Investment Management AB now owns 1,551,605 shares of the company’s stock worth $47,820,000 after purchasing an additional 716,644 shares during the last quarter. Institutional investors and hedge funds own 99.63% of the company’s stock.
US Foods stock opened at $38.25 on Friday. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.24 and a beta of 0.55. US Foods has a 52-week low of $27.51 and a 52-week high of $40.92. The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 1.04.
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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