US Foods (USFD) Releases FY18 Earnings Guidance
US Foods (NYSE:USFD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.00-2.10 for the period, compared to the Thomson Reuters consensus estimate of $1.89. The company issued revenue guidance of +3-4% to ~$24.87-25.11 billion, compared to the consensus revenue estimate of $25.06 billion.
US Foods (USFD) traded up $1.83 during mid-day trading on Thursday, hitting $31.82. The stock had a trading volume of 3,746,320 shares, compared to its average volume of 2,789,532. US Foods has a 1 year low of $25.43 and a 1 year high of $33.91. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40. The company has a market cap of $6,725.07, a price-to-earnings ratio of 20.50, a PEG ratio of 0.99 and a beta of 0.86.
US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.08. US Foods had a return on equity of 12.64% and a net margin of 1.11%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the company posted $0.53 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts forecast that US Foods will post 1.16 earnings per share for the current year.
In other US Foods news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of US Foods stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.56% of the company’s stock.
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About US Foods
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.
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