US Foods (NYSE:USFD) Issues FY24 Earnings Guidance

US Foods (NYSE:USFD) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $3.05-3.15 for the period, compared to the consensus estimate of $3.12. The company issued revenue guidance of $37.7-38.0 billion, compared to the consensus revenue estimate of $37.88 billion. US Foods also updated its FY 2024 guidance to 3.050-3.150 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on USFD shares. Melius assumed coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler upped their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Barclays increased their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $67.08.

US Foods Trading Down 1.1 %

Shares of USFD opened at $67.49 on Monday. The firm has a 50 day simple moving average of $68.05 and a 200-day simple moving average of $61.12. The stock has a market cap of $15.72 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods has a 1-year low of $44.81 and a 1-year high of $72.84.

US Foods Company Profile

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.