Brokerages forecast that US Foods Holding Corp (NASDAQ:USFD) will report $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for US Foods Holding Corp’s earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.39. US Foods Holding Corp reported earnings of $0.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 2.6%. The business is expected to issue its next earnings report on Tuesday, November 14th.

On average, analysts expect that US Foods Holding Corp will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.37. For the next year, analysts expect that the company will post earnings of $1.72 per share, with EPS estimates ranging from $1.66 to $1.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for US Foods Holding Corp.

US Foods Holding Corp (NASDAQ:USFD) last announced its quarterly earnings results on Wednesday, August 9th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.03 billion. US Foods Holding Corp had a net margin of 1.06% and a return on equity of 10.08%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share.

A number of research analysts recently commented on the stock. Credit Suisse Group reiterated an “outperform” rating and issued a $35.00 price target (up previously from $32.00) on shares of US Foods Holding Corp in a research note on Wednesday, May 17th. Pivotal Research set a $29.00 price objective on shares of US Foods Holding Corp and gave the company a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and issued a $32.00 price objective on shares of US Foods Holding Corp in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of US Foods Holding Corp from a “hold” rating to a “sell” rating in a report on Saturday, May 20th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of US Foods Holding Corp in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. US Foods Holding Corp presently has a consensus rating of “Buy” and a consensus price target of $30.91.

In related news, insider Keith D. Rohland sold 35,451 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $27.12, for a total value of $961,431.12. Following the completion of the transaction, the insider now owns 57,433 shares of the company’s stock, valued at approximately $1,557,582.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Large investors have recently modified their holdings of the stock. FMR LLC increased its position in US Foods Holding Corp by 50.5% in the 2nd quarter. FMR LLC now owns 24,270,488 shares of the company’s stock valued at $660,643,000 after acquiring an additional 8,142,139 shares during the period. Vanguard Group Inc. increased its position in US Foods Holding Corp by 58.5% in the 2nd quarter. Vanguard Group Inc. now owns 11,969,560 shares of the company’s stock valued at $325,811,000 after acquiring an additional 4,416,504 shares during the period. Neuberger Berman Group LLC increased its position in US Foods Holding Corp by 24.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,435,185 shares of the company’s stock valued at $147,946,000 after acquiring an additional 1,059,772 shares during the period. BlackRock Inc. increased its position in US Foods Holding Corp by 72.2% in the 2nd quarter. BlackRock Inc. now owns 5,430,209 shares of the company’s stock valued at $147,812,000 after acquiring an additional 2,276,414 shares during the period. Finally, Samlyn Capital LLC increased its position in US Foods Holding Corp by 238.4% in the 2nd quarter. Samlyn Capital LLC now owns 4,509,759 shares of the company’s stock valued at $122,755,000 after acquiring an additional 3,176,959 shares during the period.

Shares of US Foods Holding Corp (NASDAQ:USFD) traded up 1.13% on Monday, reaching $27.76. 534,356 shares of the company’s stock were exchanged. US Foods Holding Corp has a 12 month low of $22.19 and a 12 month high of $30.73. The company has a market cap of $6.21 billion and a price-to-earnings ratio of 20.84. The firm’s 50-day moving average price is $27.61 and its 200 day moving average price is $27.89.

TRADEMARK VIOLATION NOTICE: “US Foods Holding Corp (USFD) Expected to Post Earnings of $0.38 Per Share” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/09/04/us-foods-holding-corp-usfd-expected-to-post-earnings-of-0-38-per-share.html.

About US Foods Holding Corp

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.

Get a free copy of the Zacks research report on US Foods Holding Corp (USFD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for US Foods Holding Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods Holding Corp and related stocks with our FREE daily email newsletter.