US Foods (NYSE:USFD) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.22.
Shares of US Foods stock traded up $0.90 on Wednesday, reaching $41.55. 127,356 shares of the company were exchanged, compared to its average volume of 1,524,592. US Foods has a one year low of $27.51 and a one year high of $41.72. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.20 and a beta of 0.49. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $38.47 and a 200 day moving average of $36.52.
US Foods (NYSE:USFD) last released its earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.36 billion. During the same period last year, the business earned $0.57 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Analysts predict that US Foods will post 2.18 earnings per share for the current year.
Separately, Zacks Investment Research lowered US Foods from a buy rating to a hold rating in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $38.40.
In other news, insider Keith D. Rohland sold 62,780 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $36.60, for a total transaction of $2,297,748.00. Following the completion of the sale, the insider now owns 82,464 shares in the company, valued at approximately $3,018,182.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.