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.
TRADEMARK VIOLATION NOTICE: This report was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/11/06/us-foods-usfd-announces-earnings-results.html.
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.
See Also: What does earnings per share mean?
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.