Analysts Expect US Foods Holding Corp (USFD) to Post $0.35 Earnings Per Share

Analysts predict that US Foods Holding Corp (NASDAQ:USFD) will report earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for US Foods Holding Corp’s earnings. US Foods Holding Corp reported earnings per share of $0.42 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The company is expected to issue its next earnings report on Tuesday, August 8th.

On average, analysts expect that US Foods Holding Corp will report full-year earnings of $1.26 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $1.69 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow US Foods Holding Corp.

US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.78 billion. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. US Foods Holding Corp’s revenue for the quarter was up 3.3% compared to the same quarter last year.

A number of equities research analysts have issued reports on USFD shares. Guggenheim reiterated a “buy” rating and issued a $33.00 price target (up previously from $30.00) on shares of US Foods Holding Corp in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a “buy” rating on shares of US Foods Holding Corp in a research note on Tuesday, April 18th. Credit Suisse Group increased their price target on US Foods Holding Corp from $22.00 to $28.00 and gave the stock a “focus list” rating in a research note on Thursday, April 6th. Loop Capital started coverage on US Foods Holding Corp in a research note on Monday, May 15th. They issued a “hold” rating and a $31.00 price target for the company. Finally, Pivotal Research increased their price target on US Foods Holding Corp from $25.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.71.

US Foods Holding Corp (NASDAQ:USFD) traded down 2.93% during midday trading on Monday, reaching $28.49. The company had a trading volume of 7,969,989 shares. The company has a market capitalization of $6.33 billion and a price-to-earnings ratio of 27.74. US Foods Holding Corp has a 52 week low of $22.19 and a 52 week high of $30.73. The firm has a 50-day moving average price of $29.19 and a 200-day moving average price of $27.44.

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In other US Foods Holding Corp news, insider Pietro Satriano sold 89,932 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $2,540,579.00. Following the completion of the transaction, the insider now owns 164,366 shares of the company’s stock, valued at approximately $4,643,339.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $640,019,541.75. The disclosure for this sale can be found here. Insiders have sold a total of 23,344,441 shares of company stock valued at $659,480,458 in the last three months.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in US Foods Holding Corp during the first quarter valued at approximately $105,000. UBS Group AG increased its position in US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock valued at $204,000 after buying an additional 5,233 shares during the period. Marathon Trading Investment Management LLC bought a new position in US Foods Holding Corp during the first quarter valued at approximately $218,000. Teacher Retirement System of Texas bought a new position in US Foods Holding Corp during the first quarter valued at approximately $220,000. Finally, Pacer Advisors Inc. increased its position in US Foods Holding Corp by 18.9% in the first quarter. Pacer Advisors Inc. now owns 9,049 shares of the company’s stock valued at $253,000 after buying an additional 1,438 shares during the period.

US Foods Holding Corp Company Profile

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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