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

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

Several equities research analysts have recently issued reports on the stock. UBS Group raised their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler lifted their target price on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Truist Financial boosted their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $67.08.

US Foods Trading Up 0.6 %

Shares of US Foods stock opened at $66.79 on Wednesday. US Foods has a 12-month low of $44.81 and a 12-month high of $72.84. 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. The company has a 50-day simple moving average of $68.21 and a 200 day simple moving average of $61.31. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

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.