Brokerages expect that US Foods Holding Corp (NASDAQ:USFD) will report earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for US Foods Holding Corp’s earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.32. US Foods Holding Corp reported earnings per share of $0.36 in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.9%. The business is expected to report its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that US Foods Holding Corp will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $0.99 to $1.06. For the next year, analysts anticipate that the business will post earnings of $1.61 per share, with EPS estimates ranging from $1.59 to $1.62. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for US Foods Holding Corp.

US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.03 billion. US Foods Holding Corp had a net margin of 1.06% and a return on equity of 10.08%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) EPS.

USFD has been the topic of several analyst reports. Zacks Investment Research upgraded shares of US Foods Holding Corp from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Pivotal Research boosted their target price on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of US Foods Holding Corp in a research note on Wednesday, May 10th. Guggenheim reiterated a “buy” rating and issued a $33.00 target price (up from $30.00) on shares of US Foods Holding Corp in a research note on Monday, May 15th. Finally, Loop Capital initiated coverage on shares of US Foods Holding Corp in a research note on Monday, May 15th. They issued a “hold” rating and a $31.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.00.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/17/us-foods-holding-corp-usfd-expected-to-post-earnings-of-0-31-per-share.html.

Shares of US Foods Holding Corp (NASDAQ:USFD) traded up 0.75% during midday trading on Thursday, hitting $27.03. 17,177 shares of the stock were exchanged. The firm’s 50 day moving average is $27.58 and its 200-day moving average is $27.90. US Foods Holding Corp has a 1-year low of $22.19 and a 1-year high of $30.73. The stock has a market capitalization of $6.05 billion and a price-to-earnings ratio of 20.29.

Hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC raised its stake in US Foods Holding Corp by 2.1% in the second quarter. Verition Fund Management LLC now owns 16,021 shares of the company’s stock worth $436,000 after buying an additional 326 shares during the period. Rice Hall James & Associates LLC raised its position in shares of US Foods Holding Corp by 0.4% in the second quarter. Rice Hall James & Associates LLC now owns 82,538 shares of the company’s stock worth $2,247,000 after buying an additional 341 shares during the last quarter. NTV Asset Management LLC raised its position in shares of US Foods Holding Corp by 1.3% in the second quarter. NTV Asset Management LLC now owns 31,800 shares of the company’s stock worth $865,000 after buying an additional 400 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of US Foods Holding Corp by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,210 shares of the company’s stock worth $196,000 after buying an additional 508 shares during the last quarter. Finally, Cigna Investments Inc. New raised its position in shares of US Foods Holding Corp by 1.3% in the second quarter. Cigna Investments Inc. New now owns 52,375 shares of the company’s stock worth $1,426,000 after buying an additional 681 shares during the last quarter.

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.

Get a free copy of the Zacks research report on US Foods Holding Corp (USFD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for US Foods Holding Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods Holding Corp and related companies with MarketBeat.com's FREE daily email newsletter.