US Foods Holding Corp (NYSE:USFD) shares, rose in value, with the stock price down by -6.79% to the previous day’s close as strong demand from buyers drove the stock to $49.93.
Actively observing the price movement in the last trading, the stock closed the session at $53.57. The PE ratio was 25.01 over 12-month period. Referring to stock’s 52-week performance, its high was $54.94, and the low was $35.66. On the whole, USFD has fluctuated by -3.65% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.54, which is expected to increase to $0.96 for fiscal year $3.11 and then to about $3.65 by fiscal year 2025. Data indicates that the EPS growth is expected to be 18.30% in 2025, while the next year’s EPS growth is forecast to be 17.40%.
Analysts have estimated the company’s revenue for the quarter at $8.91 billion, with a low estimate of $8.67 billion and a high estimate of $9.03 billion. According to the average forecast, sales growth in current quarter could jump up 5.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $37.82 billion, representing an increase of 6.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that USFD’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.34, with the price of USFD currently trading nearly -6.95% and -0.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.45, while the 7-day volatility ratio is showing 3.01% which for the 30-day chart, stands at 1.99%. Furthermore, US Foods Holding Corp (USFD)’s beta value is 1.58, and its average true range (ATR) is 1.13.
A comparison of US Foods Holding Corp (USFD) with its peers suggests the former has fared considerably weaker in the market. USFD showed an intraday change of -6.79% in last session, and over the past year, it grew by 34.29%%.
Data on historical trading for US Foods Holding Corp (NYSE:USFD) indicates that the trading volumes over the past 10 days have averaged 1.26 million and over the past 3 months, they’ve averaged 1.68 million. According to company’s latest data on outstanding shares, there are 245.20 million shares outstanding.
Nearly 0.82% of US Foods Holding Corp’s shares belong to company insiders and institutional investors own 100.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.75 million shares as on Mar 15, 2024, resulting in a short ratio of 3.39. According to the data, the short interest in US Foods Holding Corp (USFD) stood at 2.76% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.36 million. The stock has risen by 9.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the USFD stock heading into the next quarter.
