US Foods (USFD) Set to Announce 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 interested in listening to the company’s earnings conference call can do so using this link.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate 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

NYSE USFD opened at $52.10 on Wednesday. The firm’s fifty day moving average price is $52.14 and its two-hundred day moving average price is $47.30. The stock has a market cap of $12.78 billion, a PE ratio of 25.79, a PEG ratio of 0.86 and a beta of 1.58. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the sale, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. BMO Capital Markets boosted their target price on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. BTIG Research boosted their target price on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Truist Financial boosted their target price on shares of US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. One equities research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $54.92.

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.