US Foods (NYSE:USFD) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

US Foods (NYSE:USFDGet Rating) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.19, Briefing.com reports. US Foods had a net margin of 0.56% and a return on equity of 11.40%. The company had revenue of $7.80 billion for the quarter, compared to analysts’ expectations of $7.80 billion. During the same period in the previous year, the company posted $0.12 EPS. US Foods’s revenue was up 23.9% compared to the same quarter last year. US Foods updated its FY22 guidance to $1.80-$2.10 EPS.

Shares of USFD opened at $34.49 on Friday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.41 and a quick ratio of 0.75. US Foods has a 1-year low of $30.02 and a 1-year high of $40.51. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 0.81 and a beta of 1.48. The firm has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $35.75.

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

A number of institutional investors have recently added to or reduced their stakes in USFD. Great West Life Assurance Co. Can raised its stake in US Foods by 11.7% during the first quarter. Great West Life Assurance Co. Can now owns 17,435 shares of the company’s stock worth $698,000 after purchasing an additional 1,822 shares during the period. Sei Investments Co. raised its holdings in shares of US Foods by 25.8% in the 1st quarter. Sei Investments Co. now owns 17,891 shares of the company’s stock worth $668,000 after purchasing an additional 3,667 shares during the period. Mariner LLC lifted its stake in shares of US Foods by 8.1% in the 1st quarter. Mariner LLC now owns 17,753 shares of the company’s stock valued at $668,000 after purchasing an additional 1,329 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of US Foods by 27.8% during the 1st quarter. Natixis Advisors L.P. now owns 15,716 shares of the company’s stock worth $591,000 after purchasing an additional 3,421 shares during the period. Finally, Raymond James Trust N.A. increased its position in US Foods by 2.6% during the 1st quarter. Raymond James Trust N.A. now owns 15,254 shares of the company’s stock worth $574,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 97.60% of the company’s stock.

A number of brokerages have recently issued reports on USFD. Deutsche Bank Aktiengesellschaft assumed coverage on shares of US Foods in a research note on Tuesday, January 18th. They set a “buy” rating and a $44.00 price target on the stock. Credit Suisse Group increased their target price on US Foods from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, February 18th. Zacks Investment Research upgraded US Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. StockNews.com upgraded US Foods from a “hold” rating to a “buy” rating in a research report on Friday, April 22nd. Finally, CL King boosted their target price on shares of US Foods from $41.00 to $43.00 in a research report on Monday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $41.70.

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.

Read More

Earnings History for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.