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

US Foods (NYSE:USFD) will be issuing 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.Parties that are interested in registering for the company’s conference call can do so using this link.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the firm earned $0.73 EPS. US Foods’s revenue for the quarter was up 7.7% compared to the same quarter last year. 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 $61.71 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The stock’s fifty day moving average is $60.45 and its 200 day moving average is $55.55. The stock has a market cap of $15.17 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.00 and a beta of 1.66. US Foods has a one year low of $37.51 and a one year high of $63.13.

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.