US Foods (USFD) Issues Earnings Results

US Foods (NYSE:USFD) posted its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02, MarketWatch Earnings reports. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.96 billion. US Foods had a net margin of 1.69% and a return on equity of 14.10%. The business’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. US Foods updated its FY19 guidance to $2.15-$2.25 EPS.

USFD traded up $0.05 on Thursday, reaching $35.85. The company had a trading volume of 1,745,173 shares, compared to its average volume of 1,652,062. US Foods has a 52-week low of $27.51 and a 52-week high of $40.92. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.39 and a quick ratio of 0.82. The company has a market capitalization of $7.82 billion, a P/E ratio of 17.66, a P/E/G ratio of 2.01 and a beta of 0.55.

A number of brokerages have weighed in on USFD. Zacks Investment Research lowered shares of US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Pivotal Research reiterated a “hold” rating and set a $32.00 target price on shares of US Foods in a research report on Thursday, May 9th. Finally, Buckingham Research raised shares of US Foods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $32.00 to $48.00 in a report on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. US Foods presently has an average rating of “Buy” and a consensus price target of $39.80.

In other news, CFO Dirk J. Locascio sold 24,068 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dirk J. Locascio sold 21,332 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total transaction of $807,416.20. Following the completion of the transaction, the chief financial officer now owns 58,708 shares in the company, valued at approximately $2,222,097.80. The disclosure for this sale can be found here. Insiders have sold 77,001 shares of company stock worth $2,773,243 over the last quarter. Company insiders own 0.80% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in USFD. Vanguard Group Inc raised its position in shares of US Foods by 8.2% in the 3rd quarter. Vanguard Group Inc now owns 19,776,137 shares of the company’s stock worth $609,500,000 after purchasing an additional 1,496,976 shares during the last quarter. Longview Partners Guernsey LTD raised its position in US Foods by 6.4% in the 4th quarter. Longview Partners Guernsey LTD now owns 15,730,376 shares of the company’s stock worth $497,709,000 after buying an additional 945,238 shares during the last quarter. BlackRock Inc. raised its position in US Foods by 0.3% in the 1st quarter. BlackRock Inc. now owns 9,268,055 shares of the company’s stock worth $323,547,000 after buying an additional 25,002 shares during the last quarter. Neuberger Berman Group LLC raised 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 buying an additional 113,676 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its position in US Foods by 9.7% in the 1st quarter. Marshall Wace North America L.P. now owns 5,435,138 shares of the company’s stock worth $189,740,000 after buying an additional 481,614 shares during the last quarter. Institutional investors and hedge funds own 96.41% of the company’s stock.

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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 for US Foods (NYSE:USFD)

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