US Foods (NYSE:USFD) updated its FY19 earnings guidance on Tuesday. The company provided EPS guidance of $2.15-$2.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.18.
A number of research firms have issued reports on USFD. Zacks Investment Research lowered shares of US Foods from a buy rating to a hold rating in a research note on Saturday, May 11th. Buckingham Research upgraded shares of US Foods from a neutral rating to a buy rating and boosted their target price for the stock from $32.00 to $48.00 in a report on Wednesday, May 8th. Finally, Pivotal Research reiterated a hold rating and issued a $32.00 target price on shares of US Foods in a report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $39.80.
Shares of US Foods stock traded down $1.08 during trading on Wednesday, hitting $35.80. The stock had a trading volume of 2,985,066 shares, compared to its average volume of 1,650,702. The company has a market cap of $8.10 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 2.02 and a beta of 0.55. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.39 and a quick ratio of 0.82. US Foods has a 1 year low of $27.51 and a 1 year high of $40.92.
US Foods (NYSE:USFD) last released its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. US Foods had a net margin of 1.69% and a return on equity of 14.10%. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.96 billion. During the same period last year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect that US Foods will post 2.18 EPS for the current fiscal year.
In other US Foods news, CFO Dirk J. Locascio sold 21,332 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $37.85, for a total value of $807,416.20. Following the completion of the sale, the chief financial officer now directly owns 58,708 shares of the company’s stock, valued at $2,222,097.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dirk J. Locascio sold 24,068 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $34.24, for a total transaction of $824,088.32. Following the completion of the sale, the chief financial officer now directly owns 33,566 shares of the company’s stock, valued at $1,149,299.84. 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 ninety days. 0.80% of the stock is currently owned by insiders.
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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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