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

US Foods (NYSE:USFD) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 3.050-3.150 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler increased their price objective on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. UBS Group upped their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company increased their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $67.08.

US Foods Stock Down 1.5 %

NYSE USFD opened at $66.33 on Tuesday. US Foods has a 12 month low of $44.81 and a 12 month high of $72.84. The company has a market capitalization of $15.45 billion, a P/E ratio of 28.47, a PEG ratio of 1.15 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The company’s 50 day simple moving average is $68.14 and its 200 day simple moving average is $61.21.

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.