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 EPS guidance of $3.05-3.15 for the period, compared to the consensus EPS 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 firms have recently weighed in on USFD. 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. JPMorgan Chase & Co. increased their price target 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. Melius began coverage on shares of US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $67.08.

US Foods Stock Performance

NYSE:USFD opened at $66.79 on Wednesday. The stock has a market capitalization of $15.56 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. US Foods has a 1 year low of $44.81 and a 1 year high of $72.84. The firm 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 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.