US Foods Holding Corp (NYSE:USFD) Expected to Announce Quarterly Sales of $6.50 Billion

Wall Street analysts predict that US Foods Holding Corp (NYSE:USFD) will announce $6.50 billion in sales for the current quarter, Zacks reports. Two analysts have made estimates for US Foods’ earnings. The highest sales estimate is $6.55 billion and the lowest is $6.45 billion. US Foods reported sales of $6.15 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, November 5th.

According to Zacks, analysts expect that US Foods will report full year sales of $25.40 billion for the current financial year, with estimates ranging from $24.98 billion to $26.00 billion. For the next year, analysts expect that the business will report sales of $27.38 billion, with estimates ranging from $25.77 billion to $29.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover US Foods.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The business had revenue of $6.44 billion during the quarter, compared to the consensus estimate of $6.36 billion. US Foods had a return on equity of 14.15% and a net margin of 1.63%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share.

Several brokerages have recently issued reports on USFD. Barclays boosted their price objective on US Foods from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 12th. Buckingham Research boosted their price objective on US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Bank of America boosted their price objective on US Foods from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Zacks Investment Research upgraded US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research report on Friday, October 11th. Finally, Credit Suisse Group boosted their price objective on US Foods from $42.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.50.

Shares of NYSE USFD traded up $0.10 during midday trading on Monday, hitting $39.64. 1,374,121 shares of the company’s stock were exchanged, compared to its average volume of 2,069,180. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 0.80. The stock’s 50 day moving average price is $41.04 and its 200-day moving average price is $37.73. The firm has a market cap of $8.67 billion, a P/E ratio of 19.53, a PEG ratio of 1.90 and a beta of 0.49. US Foods has a twelve month low of $27.51 and a twelve month high of $43.10.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stevens First Principles Investment Advisors lifted its position in US Foods by 14.3% in the second quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock worth $105,000 after purchasing an additional 365 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of US Foods by 116.8% in the third quarter. Meeder Asset Management Inc. now owns 828 shares of the company’s stock valued at $34,000 after buying an additional 446 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of US Foods by 9.4% in the second quarter. First Mercantile Trust Co. now owns 7,883 shares of the company’s stock valued at $282,000 after buying an additional 680 shares in the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of US Foods by 2.6% in the second quarter. United Capital Financial Advisers LLC now owns 28,836 shares of the company’s stock valued at $1,031,000 after buying an additional 720 shares in the last quarter. Finally, WINTON GROUP Ltd increased its holdings in shares of US Foods by 6.3% in the second quarter. WINTON GROUP Ltd now owns 13,394 shares of the company’s stock valued at $479,000 after buying an additional 799 shares in the last quarter. Hedge funds and other institutional investors own 95.50% of the company’s stock.

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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