US Foods (NYSE:USFD) Issues 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 Analyst Weigh In

A number of equities analysts recently commented on the stock. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Barclays boosted their target price on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Finally, Truist Financial raised their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One 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. According to data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus target price of $67.08.

US Foods Stock Down 1.5 %

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

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.