$5.95 Billion in Sales Expected for US Foods Holding Corp (USFD) This Quarter
Brokerages expect US Foods Holding Corp (NYSE:USFD) to report $5.95 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for US Foods’ earnings, with estimates ranging from $5.92 billion to $5.98 billion. US Foods posted sales of $5.79 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that US Foods will report full-year sales of $5.95 billion for the current fiscal year, with estimates ranging from $24.99 billion to $25.14 billion. For the next year, analysts expect that the firm will post sales of $26.14 billion per share, with estimates ranging from $25.99 billion to $26.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for US Foods.
US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). US Foods had a net margin of 1.84% and a return on equity of 10.70%. The firm had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. US Foods’s quarterly revenue was up 5.6% compared to the same quarter last year.
In other news, Director John Anthony Lederer sold 98,702 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $33.23, for a total value of $3,279,867.46. Following the transaction, the director now owns 406,054 shares of the company’s stock, valued at $13,493,174.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders sold 20,562,497 shares of company stock worth $578,754,263. Corporate insiders own 1.56% of the company’s stock.
A number of hedge funds have recently made changes to their positions in USFD. Schwab Charles Investment Management Inc. grew its holdings in US Foods by 15.8% during the third quarter. Schwab Charles Investment Management Inc. now owns 467,000 shares of the company’s stock worth $12,469,000 after acquiring an additional 63,743 shares during the period. Thornburg Investment Management Inc. acquired a new position in US Foods during the third quarter worth $55,586,000. Brown Advisory Inc. acquired a new position in US Foods during the third quarter worth $214,000. Dimensional Fund Advisors LP acquired a new position in US Foods during the third quarter worth $19,197,000. Finally, Strategic Global Advisors LLC grew its holdings in US Foods by 49.7% during the third quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after acquiring an additional 4,016 shares during the period. 88.54% of the stock is currently owned by hedge funds and other institutional investors.
Shares of US Foods (NYSE USFD) traded up $0.16 during midday trading on Thursday, reaching $33.76. The company’s stock had a trading volume of 2,677,332 shares, compared to its average volume of 3,232,130. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 1.41. US Foods has a one year low of $25.43 and a one year high of $33.91. The stock has a market capitalization of $7,263.33, a PE ratio of 17.05, a P/E/G ratio of 0.92 and a beta of 0.43.
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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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