US Foods (USFD) to Release Quarterly Earnings on Thursday

US Foods (NYSE:USFD) will be releasing its earnings data before the market opens on Thursday, May 9th. Analysts expect US Foods to post earnings of $0.49 per share for the quarter. US Foods has set its FY24 guidance at $3.00 to $3.20 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. On average, analysts expect US Foods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

US Foods Stock Performance

Shares of US Foods stock opened at $52.75 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. The firm has a market cap of $12.94 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. US Foods has a one year low of $35.66 and a one year high of $54.94. The stock’s 50-day moving average is $52.13 and its 200-day moving average is $47.19.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. BMO Capital Markets boosted their price target on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. Morgan Stanley upped their target price on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Truist Financial raised their price target on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and a consensus target price of $54.92.

Insider Transactions at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.