Wall Street brokerages predict that US Foods Holding Corp (NASDAQ:USFD) will announce sales of $6.13 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for US Foods Holding Corp’s earnings, with estimates ranging from $6.06 billion to $6.17 billion. US Foods Holding Corp reported sales of $5.84 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5%. 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 sales of $6.13 billion for the current fiscal year, with estimates ranging from $23.89 billion to $24.10 billion. For the next fiscal year, analysts expect that the company will post sales of $25.03 billion per share, with estimates ranging from $24.79 billion to $25.31 billion. Zacks’ sales averages are an average based on a survey of research firms that cover US Foods Holding Corp.

US Foods Holding Corp (NASDAQ:USFD) last released its earnings results on Wednesday, August 9th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.03 billion. US Foods Holding Corp had a return on equity of 10.08% and a net margin of 1.06%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share.

A number of equities research analysts recently issued reports on USFD shares. Guggenheim reaffirmed a “buy” rating on shares of US Foods Holding Corp in a research note on Tuesday, June 27th. Royal Bank Of Canada reaffirmed 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. Zacks Investment Research raised US Foods Holding Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. BMO Capital Markets set a $29.00 target price on US Foods Holding Corp and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 target price (up previously from $32.00) on shares of US Foods Holding Corp in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.00.

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Several hedge funds have recently added to or reduced their stakes in USFD. Swiss National Bank increased its stake in US Foods Holding Corp by 80.5% in the first quarter. Swiss National Bank now owns 163,655 shares of the company’s stock worth $4,579,000 after buying an additional 73,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in US Foods Holding Corp during the first quarter worth approximately $105,000. Bank of New York Mellon Corp increased its stake in US Foods Holding Corp by 1,232.3% in the first quarter. Bank of New York Mellon Corp now owns 2,349,118 shares of the company’s stock worth $65,729,000 after buying an additional 2,172,804 shares during the last quarter. First Trust Advisors LP increased its stake in US Foods Holding Corp by 8.5% in the first quarter. First Trust Advisors LP now owns 218,967 shares of the company’s stock worth $6,127,000 after buying an additional 17,195 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in US Foods Holding Corp by 77.3% in the first quarter. Great West Life Assurance Co. Can now owns 10,995 shares of the company’s stock worth $307,000 after buying an additional 4,795 shares during the last quarter.

US Foods Holding Corp (NASDAQ USFD) opened at 26.62 on Friday. US Foods Holding Corp has a 52-week low of $22.19 and a 52-week high of $30.73. The stock has a 50 day moving average price of $27.56 and a 200 day moving average price of $27.89. The stock has a market cap of $5.96 billion and a P/E ratio of 19.98.

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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