US Foods Holding Corp (USFD) Updates FY17 Earnings Guidance

US Foods Holding Corp (NASDAQ:USFD) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.30-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.33. The company issued revenue guidance of +3-5% to ~$23.6-23.8 billion, compared to the consensus revenue estimate of $23.76 billion.

US Foods Holding Corp (NASDAQ USFD) opened at 26.62 on Friday. US Foods Holding Corp has a 52 week low of $22.19 and a 52 week high of $30.73. The stock has a 50 day moving average price of $27.56 and a 200 day moving average price of $27.89. The firm has a market cap of $5.96 billion and a price-to-earnings ratio of 19.98.

US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. US Foods Holding Corp had a return on equity of 10.08% and a net margin of 1.06%. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter last year, the firm earned ($0.07) earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. Equities research analysts expect that US Foods Holding Corp will post $1.35 EPS for the current year.

Several research firms have commented on USFD. Wells Fargo & Company reissued a buy rating on shares of US Foods Holding Corp in a research report on Wednesday, August 9th. Guggenheim reaffirmed a buy rating and set a $33.00 target price (up from $30.00) on shares of US Foods Holding Corp in a research report on Monday, May 15th. Royal Bank Of Canada set a $32.00 target price on US Foods Holding Corp and gave the stock a buy rating in a research report on Friday, August 4th. Deutsche Bank AG reaffirmed a buy rating and set a $33.00 target price on shares of US Foods Holding Corp in a research report on Thursday, August 10th. Finally, BMO Capital Markets set a $29.00 target price on US Foods Holding Corp and gave the stock a hold rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $31.00.

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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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