Brokerages Expect US Foods Holding Corp (USFD) Will Post Quarterly Sales of $5.94 Billion
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.
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.
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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.
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