US Foods (USFD) to Release Quarterly Earnings on Thursday

US Foods (NYSE:USFD) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. US Foods has set its FY24 guidance at $3.00-3.20 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. 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 Price Performance

Shares of US Foods stock opened at $61.76 on Tuesday. US Foods has a twelve month low of $40.23 and a twelve month high of $63.13. The business’s fifty day moving average price is $60.70 and its 200 day moving average price is $55.86. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $15.10 billion, a P/E ratio of 29.41, a PEG ratio of 1.01 and a beta of 1.66.

Insider Buying and Selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on USFD shares. JPMorgan Chase & Co. raised their price target on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group boosted their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $66.82.

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.