Equities research analysts forecast that US Foods Holding Corp (NASDAQ:USFD) will report sales of $6.01 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for US Foods Holding Corp’s earnings, with the lowest sales estimate coming in at $5.95 billion and the highest estimate coming in at $6.06 billion. US Foods Holding Corp posted sales of $5.81 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.4%. The business is expected to report its next earnings report before the market opens on Wednesday, August 9th.
On average, analysts expect that US Foods Holding Corp will report full year sales of $6.01 billion for the current year, with estimates ranging from $23.48 billion to $23.84 billion. For the next financial year, analysts expect that the company will report sales of $24.70 billion per share, with estimates ranging from $24.55 billion to $24.98 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow US Foods Holding Corp.
US Foods Holding Corp (NASDAQ:USFD) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.02. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.78 billion. US Foods Holding Corp’s revenue was up 3.3% on a year-over-year basis.
Several analysts recently issued reports on USFD shares. Guggenheim reaffirmed a “buy” rating on shares of US Foods Holding Corp in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of US Foods Holding Corp in a report on Tuesday, April 18th. Credit Suisse Group upped their price target on shares of US Foods Holding Corp from $22.00 to $28.00 and gave the company a “focus list” rating in a report on Thursday, April 6th. Zacks Investment Research raised shares of US Foods Holding Corp from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Pivotal Research upped their price target on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $30.78.
In other US Foods Holding Corp news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $640,019,541.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Anthony Lederer sold 598,950 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $16,920,337.50. Following the sale, the director now owns 504,224 shares of the company’s stock, valued at approximately $14,244,328. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,344,441 shares of company stock valued at $659,480,458.
A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in US Foods Holding Corp by 12.9% in the fourth quarter. State Street Corp now owns 519,395 shares of the company’s stock valued at $14,270,000 after buying an additional 59,258 shares during the last quarter. Norges Bank acquired a new stake in US Foods Holding Corp during the fourth quarter valued at $13,392,000. Quadrature Capital Ltd acquired a new stake in US Foods Holding Corp during the fourth quarter valued at $460,000. UBS Asset Management Americas Inc. acquired a new stake in US Foods Holding Corp during the fourth quarter valued at $325,000. Finally, Teachers Advisors LLC raised its stake in US Foods Holding Corp by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 809,720 shares of the company’s stock valued at $22,251,000 after buying an additional 70,570 shares during the last quarter.
Shares of US Foods Holding Corp (NASDAQ:USFD) opened at 28.15 on Tuesday. US Foods Holding Corp has a 12 month low of $22.19 and a 12 month high of $30.73. The stock has a market capitalization of $6.25 billion and a P/E ratio of 27.41. The firm has a 50 day moving average of $27.79 and a 200-day moving average of $27.80.
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About US Foods Holding Corp
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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