US Foods (USFD) to Release Earnings on Thursday

US Foods (NYSE:USFD) will be posting its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect US Foods to post earnings of $0.49 per share for the quarter. US Foods has set its FY24 guidance at $3.00 to $3.20 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. On average, analysts expect US Foods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

US Foods Trading Up 2.6 %

Shares of USFD stock opened at $52.75 on Tuesday. US Foods has a 52-week low of $35.66 and a 52-week high of $54.94. The business’s fifty day moving average is $52.13 and its 200 day moving average is $47.19. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. The company has a market capitalization of $12.94 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58.

Insiders Place Their Bets

In related news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

USFD has been the subject of a number of research analyst reports. Truist Financial lifted their price target on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. BMO Capital Markets increased their price target on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Morgan Stanley lifted their price objective on shares of US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, BTIG Research upped their target price on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $54.92.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.