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

US Foods (NYSE:USFD) issued an update on its FY 2024 earnings guidance on Monday. 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on USFD shares. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Melius initiated coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. Jefferies Financial Group increased their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Truist Financial lifted their target price on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $67.08.

US Foods Price Performance

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 PEG ratio of 1.15 and a beta of 1.67. The business has a 50-day moving average of $68.21 and a 200-day moving average of $61.31. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. 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.