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

US Foods (NYSE:USFDGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.80-$2.10 for the period, compared to the consensus EPS estimate of $2.27. The company issued revenue guidance of -.

US Foods stock traded up $1.47 during midday trading on Tuesday, hitting $36.09. 105,753 shares of the company’s stock were exchanged, compared to its average volume of 1,969,153. US Foods has a 12-month low of $30.02 and a 12-month high of $40.96. The stock has a market cap of $8.05 billion, a PE ratio of 66.58, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48. The business has a 50 day moving average price of $36.72. 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 issued its quarterly earnings results on Thursday, April 21st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.14. US Foods had a net margin of 0.56% and a return on equity of 11.40%. Research analysts anticipate that US Foods will post 2.07 earnings per share for the current fiscal year.

USFD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on US Foods in a research report on Tuesday, January 18th. They issued a buy rating and a $44.00 price objective for the company. Zacks Investment Research raised shares of US Foods from a sell rating to a hold rating in a report on Wednesday, April 20th. Morgan Stanley increased their target price on shares of US Foods from $41.00 to $42.00 and gave the company an equal weight rating in a report on Friday, April 22nd. StockNews.com raised US Foods from a hold rating to a buy rating in a research note on Friday, April 22nd. Finally, CL King lifted their price objective on US Foods from $41.00 to $43.00 in a report on Monday, May 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $41.70.

In other US Foods news, Director Court D. Carruthers bought 14,040 shares of US Foods stock in a transaction that occurred on Tuesday, March 15th. The shares were purchased at an average cost of $35.55 per share, for a total transaction of $499,122.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert M. Dutkowsky purchased 31,000 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was bought at an average price of $32.91 per share, with a total value of $1,020,210.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 51,040 shares of company stock valued at $1,726,752. Insiders own 1.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY purchased a new position in US Foods in the fourth quarter valued at about $153,000. MML Investors Services LLC increased its position in shares of US Foods by 6.5% in the 4th quarter. MML Investors Services LLC now owns 16,221 shares of the company’s stock worth $565,000 after purchasing an additional 985 shares during the last quarter. NewEdge Advisors LLC grew its stake in US Foods by 6.4% in the fourth quarter. NewEdge Advisors LLC now owns 27,085 shares of the company’s stock worth $943,000 after purchasing an additional 1,630 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in US Foods by 362.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 40,969 shares of the company’s stock valued at $1,427,000 after buying an additional 32,101 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in US Foods by 1.1% during the 4th quarter. BlackRock Inc. now owns 8,583,406 shares of the company’s stock worth $298,961,000 after buying an additional 91,106 shares during the last quarter. Institutional investors and hedge funds own 97.60% of the company’s stock.

US Foods Company Profile (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.

Further Reading

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

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