$5.94 Billion in Sales Expected for US Foods Holding Corp (USFD) This Quarter

Brokerages forecast that US Foods Holding Corp (NYSE:USFD) will report sales of $5.94 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for US Foods’ earnings. The lowest sales estimate is $5.88 billion and the highest is $5.98 billion. US Foods posted sales of $5.68 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, February 15th.

On average, analysts expect that US Foods will report full year sales of $5.94 billion for the current year, with estimates ranging from $24.00 billion to $24.12 billion. For the next fiscal year, analysts forecast that the business will report sales of $25.08 billion per share, with estimates ranging from $24.84 billion to $25.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover US Foods.

Several research firms recently issued reports on USFD. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Saturday, February 3rd. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price objective on shares of US Foods in a research report on Friday, February 2nd. Guggenheim reissued a “buy” rating and issued a $40.00 target price on shares of US Foods in a research report on Sunday, January 28th. Barclays cut US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 target price for the company. in a research report on Tuesday, January 16th. Finally, Pivotal Research set a $31.00 price objective on US Foods and gave the company a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. US Foods presently has an average rating of “Buy” and a consensus price target of $33.89.

In other US Foods news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.00, for a total value of $559,377,644.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.56% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cerebellum GP LLC acquired a new position in US Foods in the fourth quarter valued at approximately $135,000. American International Group Inc. acquired a new position in shares of US Foods during the fourth quarter worth approximately $137,000. Tower Research Capital LLC TRC boosted its position in shares of US Foods by 2,909.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock worth $196,000 after buying an additional 5,935 shares during the period. Brown Advisory Inc. acquired a new position in shares of US Foods during the third quarter worth approximately $214,000. Finally, CrestPoint Capital Management LLC bought a new stake in US Foods during the fourth quarter worth approximately $224,000. Institutional investors own 96.89% of the company’s stock.

Shares of US Foods (USFD) opened at $29.73 on Tuesday. The stock has a market capitalization of $6,713.83, a P/E ratio of 25.41, a PEG ratio of 0.99 and a beta of 0.86. 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 $25.43 and a 12 month high of $33.91.

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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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