Brokerages expect US Foods Holding Corp (NYSE:USFD) to announce $5.94 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for US Foods’ earnings, with the lowest sales estimate coming in at $5.88 billion and the highest estimate coming in at $5.98 billion. US Foods reported sales of $5.68 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.6%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that US Foods will report full-year sales of $5.94 billion for the current fiscal year, with estimates ranging from $24.00 billion to $24.13 billion. For the next financial year, analysts anticipate that the company will post sales of $25.09 billion per share, with estimates ranging from $24.84 billion to $25.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow US Foods.

Several brokerages have recently commented on USFD. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, November 10th. BidaskClub cut shares of US Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Barclays raised shares of US Foods from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $32.00 in a research report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $32.00 price target on shares of US Foods in a research report on Thursday, August 10th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of US Foods in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. US Foods presently has an average rating of “Buy” and an average target price of $31.50.

In related news, insider Jay Kvasnicka sold 23,572 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.30, for a total transaction of $643,515.60. Following the sale, the insider now owns 3,222 shares in the company, valued at $87,960.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $27.34, for a total transaction of $546,800,000.00. The disclosure for this sale can be found here. Insiders have sold 40,001,345 shares of company stock worth $1,106,821,160 in the last ninety days. Corporate insiders own 1.56% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USFD. Thornburg Investment Management Inc. acquired a new stake in US Foods during the third quarter worth about $55,586,000. Dimensional Fund Advisors LP acquired a new stake in US Foods during the third quarter worth about $19,197,000. Janus Henderson Group PLC acquired a new stake in US Foods during the third quarter worth about $6,544,000. Neuberger Berman Group LLC raised its stake in US Foods by 4.2% during the third quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock worth $151,168,000 after acquiring an additional 226,546 shares during the period. Finally, GSA Capital Partners LLP raised its stake in US Foods by 630.2% during the third quarter. GSA Capital Partners LLP now owns 150,118 shares of the company’s stock worth $4,008,000 after acquiring an additional 129,560 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

US Foods (NYSE USFD) opened at $30.18 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.40 and a quick ratio of 0.81. US Foods has a 12-month low of $23.54 and a 12-month high of $30.73. The firm has a market cap of $6,585.76, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.68 and a beta of 1.38.

COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/06/brokerages-expect-us-foods-holding-corp-usfd-will-post-quarterly-sales-of-5-94-billion.html.

About US Foods

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 (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.