US Foods (NYSE:USFD) Releases Q1 2022 Earnings Guidance

US Foods (NYSE:USFDGet Rating) updated its first quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.360-$0.360 for the period, compared to the Thomson Reuters consensus estimate of $0.220. The company issued revenue guidance of $7.80 billion-$7.80 billion, compared to the consensus revenue estimate of $7.46 billion.US Foods also updated its FY22 guidance to $1.80 to $2.10 EPS.

Several research firms have recently commented on USFD. Morgan Stanley dropped their price objective on shares of US Foods from $43.00 to $41.00 and set an equal weight rating on the stock in a report on Thursday, April 14th. StockNews.com began coverage on shares of US Foods in a report on Thursday, March 31st. They issued a hold rating on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of US Foods in a report on Tuesday, January 18th. They issued a buy rating and a $44.00 price objective on the stock. CL King began coverage on shares of US Foods in a report on Friday, March 11th. They issued a buy rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research raised shares of US Foods from a sell rating to a hold rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has an average rating of Hold and a consensus price target of $41.40.

NYSE USFD traded up $1.79 during mid-day trading on Thursday, reaching $39.45. 29,441 shares of the stock were exchanged, compared to its average volume of 2,026,136. The business’s 50 day moving average is $36.86 and its 200-day moving average is $35.71. US Foods has a 1 year low of $30.02 and a 1 year high of $42.10. The company has a market capitalization of $8.80 billion, a P/E ratio of 72.42, a P/E/G ratio of 0.91 and a beta of 1.59. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.75 and a current ratio of 1.41.

US Foods (NYSE:USFDGet Rating) last posted its quarterly earnings data on Thursday, February 17th. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.61 billion. US Foods had a net margin of 0.56% and a return on equity of 11.40%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Equities analysts predict that US Foods will post 2 earnings per share for the current fiscal year.

In other US Foods news, Director Cheryl A. Bachelder bought 6,000 shares of US Foods stock in a transaction dated Friday, March 11th. The stock was acquired at an average cost of $34.57 per share, for a total transaction of $207,420.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Court D. Carruthers bought 14,040 shares of US Foods stock in a transaction dated Tuesday, March 15th. The stock was acquired at an average price of $35.55 per share, with a total value of $499,122.00. The disclosure for this purchase can be found here. Insiders have acquired 51,040 shares of company stock valued at $1,726,752 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of US Foods by 1.1% in the fourth quarter. BlackRock Inc. now owns 8,583,406 shares of the company’s stock valued at $298,961,000 after buying an additional 91,106 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of US Foods by 6.4% in the fourth quarter. NewEdge Advisors LLC now owns 27,085 shares of the company’s stock valued at $943,000 after purchasing an additional 1,630 shares during the period. Metropolitan Life Insurance Co NY purchased a new stake in shares of US Foods in the fourth quarter valued at about $153,000. MML Investors Services LLC grew its holdings in shares of US Foods by 6.5% in the fourth quarter. MML Investors Services LLC now owns 16,221 shares of the company’s stock valued at $565,000 after purchasing an additional 985 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of US Foods by 362.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 40,969 shares of the company’s stock valued at $1,427,000 after purchasing an additional 32,101 shares during the period.

About US Foods (Get Rating)

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.

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Earnings History and Estimates for US Foods (NYSE:USFD)

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