US Foods (USFD) Releases FY 2019 Earnings Guidance
US Foods (NYSE:USFD) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.15-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.20. US Foods also updated its FY19 guidance to $2.15-2.25 EPS.
USFD has been the topic of several recent research reports. Loop Capital lowered their price objective on US Foods from $36.00 to $34.00 and set a hold rating on the stock in a research report on Friday, November 9th. Pivotal Research lowered their price objective on US Foods from $33.00 to $31.00 and set a hold rating on the stock in a research report on Wednesday, November 7th. TheStreet upgraded US Foods from a c rating to a b- rating in a research report on Tuesday, December 18th. Zacks Investment Research raised US Foods from a sell rating to a hold rating in a report on Saturday, November 10th. Finally, Citigroup reduced their target price on US Foods from $39.00 to $37.00 and set a buy rating on the stock in a report on Tuesday, November 13th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $38.00.
USFD opened at $35.28 on Tuesday. The firm has a market cap of $7.53 billion, a PE ratio of 38.77, a P/E/G ratio of 0.59 and a beta of 0.52. US Foods has a 52-week low of $27.51 and a 52-week high of $40.92. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 1.08.
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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.
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