US Foods (USFD) Updates FY18 Earnings Guidance

US Foods (NYSE:USFD) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89. The company issued revenue guidance of +3-4% to ~$24.87-25.11 billion, compared to the consensus revenue estimate of $25.06 billion.

A number of equities analysts recently commented on USFD shares. Loop Capital set a $32.00 target price on shares of US Foods and gave the stock a hold rating in a research report on Wednesday. Royal Bank of Canada reiterated a buy rating and issued a $38.00 target price on shares of US Foods in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of US Foods from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Friday, November 10th. Pivotal Research set a $31.00 target price on shares of US Foods and gave the stock a hold rating in a research report on Monday. Finally, Barclays cut shares of US Foods from an overweight rating to an equal weight rating and set a $32.00 target price on the stock. in a research report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $34.00.

Shares of US Foods (USFD) opened at $31.74 on Thursday. The stock has a market cap of $6,725.07, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 0.99 and a beta of 0.86. US Foods has a twelve month low of $25.43 and a twelve month high of $33.91. 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 (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $5.92 billion. US Foods had a net margin of 1.11% and a return on equity of 12.64%. The company’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. equities analysts expect that US Foods will post 1.16 earnings per share for the current year.

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 on Monday, December 4th. The shares were sold at an average price of $28.00, for a total value of $559,377,644.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.56% of the stock is owned by company insiders.

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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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