US Meals (NYSE:USFD) Declares Earnings Outcomes, Misses Expectations By $0.01 EPS

Physique

US Meals (NYSE:USFD) launched its quarterly earnings information on Wednesday. The corporate reported $0.38 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.39 by ($0.01), MarketWatch Earnings stories. US Meals had a web margin of 0.30% and a return on fairness of 9.52%. The agency had income of $7.64 billion for the quarter, in comparison with analyst estimates of $7.61 billion. Throughout the identical interval within the earlier yr, the enterprise posted $0.05 EPS. US Meals’s income for the quarter was up 24.5% on a year-over-year foundation.

US Meals inventory opened at $38.43 on Friday. The agency has a 50-day shifting common of $35.45 and a 200-day shifting common of $34.78. US Meals has a one yr low of $30.02 and a one yr excessive of $42.10. The corporate has a debt-to-equity ratio of 1.45, a present ratio of 1.48 and a fast ratio of 0.94. The corporate has a market cap of $8.56 billion, a price-to-earnings ratio of 256.22, a P/E/G ratio of 0.72 and a beta of 1.72.

Numerous brokerages have weighed in on USFD. Zacks Funding Analysis lower US Meals from a “maintain” ranking to a “robust promote” ranking in a analysis report on Friday, February 4th. Barclays dropped their value goal on US Meals from $38.00 to $35.00 and set an “equal weight” ranking on the inventory in a analysis be aware on Wednesday, December fifteenth. JPMorgan Chase & Co. dropped their value goal on US Meals from $44.00 to $40.00 and set a “impartial” ranking on the inventory in a analysis be aware on Friday, December seventeenth. Credit score Suisse Group lifted their value goal on US Meals from $44.00 to $46.00 and gave the inventory an “outperform” ranking in a analysis be aware on Friday. Lastly, TheStreet lowered US Meals from a “b-” ranking to a “c+” ranking in a analysis be aware on Wednesday, November twenty fourth. One funding analyst has rated the inventory with a promote ranking, 4 have assigned a maintain ranking and 5 have issued a purchase ranking to the corporate’s inventory. In keeping with information from MarketBeat.com, US Meals presently has a mean ranking of “Maintain” and a mean value goal of $41.70.

Institutional traders have just lately purchased and bought shares of the corporate. Cubist Systematic Methods LLC lifted its stake in US Meals by 362.0% within the 4th quarter. Cubist Systematic Methods LLC now owns 40,969 shares of the corporate’s inventory valued at $1,427,000 after buying a further 32,101 shares over the last quarter. MML Traders Companies LLC lifted its stake in US Meals by 6.5% within the 4th quarter. MML Traders Companies LLC now owns 16,221 shares of the corporate’s inventory valued at $565,000 after buying a further 985 shares over the last quarter. Metropolitan Life Insurance coverage Co NY acquired a brand new stake in US Meals within the 4th quarter valued at about $153,000. Lastly, NewEdge Advisors LLC lifted its stake in US Meals by 6.4% within the 4th quarter. NewEdge Advisors LLC now owns 27,085 shares of the corporate’s inventory valued at $943,000 after buying a further 1,630 shares over the last quarter.

About US Meals

US Meals Holding Corp. operates as a foodservice distributor. Its merchandise embody frozen and dry meals and non-food merchandise to foodservice clients all through the U.S. The corporate provides providers underneath manufacturers Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Choice, Cross Valley Farms, Harbor Banks, Hilltop Fireside, Devonshire, and Metro Deli.

See Additionally

Earnings History for US Foods (NYSE:USFD)

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