US Foods (NYSE:USFD – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 3.000-3.200 for the period, compared to the consensus estimate of 3.100. The company issued revenue guidance of $37.5 billion-$38.5 billion, compared to the consensus revenue estimate of $37.9 billion.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of US Foods from $59.00 to $61.00 and gave the company an overweight rating in a report on Friday, June 7th. BTIG Research upped their target price on shares of US Foods from $52.00 to $62.00 and gave the company a buy rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. upped their target price on shares of US Foods from $52.00 to $58.00 and gave the company a neutral rating in a research note on Monday, June 3rd. Morgan Stanley upped their target price on shares of US Foods from $62.00 to $64.00 and gave the company an overweight rating in a research note on Friday, May 10th. Finally, Barclays upped their target price on shares of US Foods from $60.00 to $64.00 and gave the company an overweight rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Buy and an average price target of $62.00.
Check Out Our Latest Stock Analysis on US Foods
US Foods Stock Performance
US Foods (NYSE:USFD – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.93 billion. Analysts anticipate that US Foods will post 2.92 earnings per share for the current fiscal year.
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.
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