US Foods (NYSE:USFD) Releases FY 2024 Earnings Guidance

US Foods (NYSE:USFD) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 3.050-3.150 for the period, compared to the consensus earnings per share estimate of 3.120. The company issued revenue guidance of $37.7 billion-$38.0 billion, compared to the consensus revenue estimate of $37.9 billion. US Foods also updated its FY24 guidance to $3.05-3.15 EPS.

US Foods Stock Down 1.5 %

Shares of USFD stock opened at $66.33 on Tuesday. US Foods has a 12 month low of $44.81 and a 12 month high of $72.84. The firm has a market cap of $15.45 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. The stock has a 50 day moving average of $68.14 and a 200-day moving average of $61.21. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Analysts Set New Price Targets

USFD has been the subject of a number of recent research reports. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Barclays lifted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Truist Financial increased their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.