US Foods (USFD) Announces Earnings Results

US Foods (NYSE:USFD) issued its quarterly earnings results on Tuesday. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.04, MarketWatch Earnings reports. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.31 billion. US Foods had a net margin of 2.25% and a return on equity of 12.66%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. US Foods updated its FY 2018 guidance to $2.03-2.08 EPS and its FY18 guidance to $2.03-2.08 EPS.

NYSE USFD traded up $3.63 during trading on Tuesday, hitting $31.62. 82,024 shares of the company’s stock traded hands, compared to its average volume of 2,786,758. The company has a market cap of $6.34 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 0.60 and a beta of 0.36. US Foods has a 12-month low of $25.43 and a 12-month high of $40.92. The company has a quick ratio of 0.81, a current ratio of 1.39 and a debt-to-equity ratio of 1.16.

USFD has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of US Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Wells Fargo & Co boosted their price target on shares of US Foods from $42.00 to $48.00 and gave the stock a “$39.60” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. ValuEngine downgraded shares of US Foods from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Pivotal Research reissued a “hold” rating and issued a $33.00 price target on shares of US Foods in a report on Tuesday, July 31st. Finally, Credit Suisse Group cut their price target on shares of US Foods from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.07.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Longview Partners Guernsey LTD purchased a new stake in US Foods during the third quarter valued at about $455,678,000. BlackRock Inc. lifted its holdings in US Foods by 4.6% during the second quarter. BlackRock Inc. now owns 7,699,574 shares of the company’s stock valued at $291,196,000 after purchasing an additional 337,363 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in US Foods by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,833,517 shares of the company’s stock valued at $144,987,000 after purchasing an additional 542,581 shares during the last quarter. American Century Companies Inc. lifted its holdings in US Foods by 12.6% during the third quarter. American Century Companies Inc. now owns 3,802,982 shares of the company’s stock valued at $117,208,000 after purchasing an additional 424,348 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in US Foods by 69.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,531,833 shares of the company’s stock valued at $108,852,000 after purchasing an additional 1,445,113 shares during the last quarter.

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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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Earnings History for US Foods (NYSE:USFD)

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