US Foods (USFD) Set to Announce Quarterly Earnings on Thursday

US Foods (NYSE:USFD) is scheduled to be announcing its earnings results 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.Investors interested in participating in the company’s conference call can do so using this link.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $9.62 billion. During the same quarter in the previous year, the company posted $0.73 EPS. US Foods’s revenue for the quarter 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 Trading Down 0.2 %

NYSE USFD opened at $61.71 on Thursday. US Foods has a 1-year low of $37.51 and a 1-year high of $63.13. 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 50-day moving average of $60.45 and a 200-day moving average of $55.55. The firm has a market cap of $15.17 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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.