Brokerages predict that US Foods Holding Corp (NYSE:USFD) will post $6.36 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for US Foods’ earnings, with the highest sales estimate coming in at $6.36 billion and the lowest estimate coming in at $6.35 billion. US Foods reported sales of $6.20 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.6%. The business is expected to announce its next quarterly earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that US Foods will report full-year sales of $24.67 billion for the current year, with estimates ranging from $24.39 billion to $25.32 billion. For the next fiscal year, analysts expect that the business will post sales of $26.39 billion per share, with estimates ranging from $25.39 billion to $28.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow US Foods.

US Foods (NYSE:USFD) last released its quarterly earnings results on Monday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). US Foods had a return on equity of 12.66% and a net margin of 2.25%. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded US Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Wells Fargo & Co raised their price target on US Foods from $42.00 to $48.00 and gave the stock a “$39.60” rating in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Citigroup raised their price target on US Foods from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, June 21st. ValuEngine upgraded US Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Jefferies Financial Group assumed coverage on US Foods in a research report on Friday, June 8th. They set a “buy” rating and a $45.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. US Foods has a consensus rating of “Hold” and a consensus price target of $38.50.

US Foods stock traded up $0.44 during mid-day trading on Friday, hitting $31.96. 82,386 shares of the stock were exchanged, compared to its average volume of 3,226,718. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 1.39. US Foods has a 12 month low of $25.43 and a 12 month high of $40.92. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 0.64 and a beta of 0.09.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its stake in shares of US Foods by 48.6% in the second quarter. State of Alaska Department of Revenue now owns 24,240 shares of the company’s stock valued at $916,000 after purchasing an additional 7,930 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of US Foods during the second quarter valued at approximately $21,368,000. Xact Kapitalforvaltning AB increased its stake in shares of US Foods by 13.0% during the second quarter. Xact Kapitalforvaltning AB now owns 32,141 shares of the company’s stock valued at $1,216,000 after acquiring an additional 3,700 shares during the period. Mackay Shields LLC acquired a new position in shares of US Foods during the first quarter valued at approximately $5,417,000. Finally, Legal & General Group Plc increased its stake in shares of US Foods by 31.8% during the first quarter. Legal & General Group Plc now owns 174,523 shares of the company’s stock valued at $5,719,000 after acquiring an additional 42,111 shares during the period.

About US Foods

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.

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