US Foods (USFD) Releases FY 2018 Earnings Guidance

US Foods (NYSE:USFD) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.03-2.08 for the period, compared to the Thomson Reuters consensus estimate of $2.02. US Foods also updated its FY18 guidance to $2.03-2.08 EPS.

Shares of USFD stock traded up $0.05 on Thursday, hitting $31.80. 1,850,010 shares of the company’s stock traded hands, compared to its average volume of 3,479,783. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 1.39. US Foods has a one year low of $26.03 and a one year high of $40.92. The firm has a market cap of $6.86 billion, a P/E ratio of 34.95, a P/E/G ratio of 0.65 and a beta of 0.36.

US Foods (NYSE:USFD) last released its earnings results on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.04. US Foods had a net margin of 2.33% and a return on equity of 13.35%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. As a group, analysts forecast that US Foods will post 1.97 EPS for the current year.

USFD has been the topic of a number of recent analyst reports. Wells Fargo & Co raised their price target on shares of US Foods from $42.00 to $48.00 and gave the stock a $39.60 rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. Jefferies Financial Group set a $45.00 price target on shares of US Foods and gave the stock a buy rating in a report on Tuesday, July 31st. Morgan Stanley cut their price target on shares of US Foods from $43.00 to $41.00 and set a buy rating on the stock in a report on Tuesday, July 31st. Credit Suisse Group cut their price target on shares of US Foods from $40.00 to $37.00 and set a buy rating on the stock in a report on Tuesday, July 31st. Finally, Citigroup cut their price target on shares of US Foods from $45.00 to $39.00 and set a buy rating on the stock in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $37.93.

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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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