US Foods (USFD) Scheduled to Post 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 interested in participating in 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 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. 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

US Foods stock opened at $50.68 on Thursday. The stock’s 50 day moving average price is $52.10 and its 200 day moving average price is $46.82. The firm has a market capitalization of $12.43 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. US Foods has a one year low of $35.66 and a one year high of $54.94.

Wall Street Analyst Weigh In

Several research firms recently commented on USFD. Truist Financial boosted their price target on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. Finally, BTIG Research lifted their price objective on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods has a consensus rating of “Buy” and an average target price of $54.92.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

About US Foods

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.