US Foods (NYSE:USFD) Releases 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.

US Foods Stock Up 0.6 %

US Foods stock opened at $66.79 on Wednesday. The firm has a market capitalization of $15.56 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.15 and a beta of 1.67. The company has a 50-day simple moving average of $68.21 and a 200-day simple moving average of $61.31. US Foods has a one year low of $44.81 and a one year high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Melius started 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. Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Truist Financial raised their price target on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group increased their target price on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company upped their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. One investment 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $67.08.

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.