US Foods (USFD) to Post Quarterly Earnings on Thursday

US Foods (NYSE:USFD) will be issuing its quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. US Foods has set its FY 2024 guidance at 3.000-3.200 EPS and its FY24 guidance at $3.00-3.20 EPS.Investors interested in registering for the company’s conference call can do so using this link.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.93 billion. On average, analysts expect US Foods to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

US Foods Stock Up 0.4 %

US Foods stock opened at $51.46 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a 50 day moving average price of $52.80 and a 200 day moving average price of $51.74. US Foods has a fifty-two week low of $35.66 and a fifty-two week high of $55.98. The company has a market capitalization of $12.65 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.62.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent research reports. Truist Financial raised their price target on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company boosted their target price on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price objective (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. Finally, Barclays upped their target price on shares of US Foods from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus target price of $62.00.

About US Foods

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.