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

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

Analysts Set New Price Targets

Several analysts recently commented on USFD shares. Truist Financial increased their target price on shares of US Foods from $65.00 to $66.00 and gave the company a buy rating in a research note on Thursday, June 6th. Wells Fargo & Company raised their price objective on US Foods from $63.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. UBS Group boosted their target price on US Foods from $64.00 to $67.00 and gave the stock a buy rating in a research report on Friday, May 10th. BTIG Research upped their target price on US Foods from $52.00 to $62.00 and gave the company a buy rating in a report on Tuesday, March 19th. Finally, Piper Sandler lifted their price target on US Foods from $59.00 to $61.00 and gave the stock an overweight rating in a research note on Friday, June 7th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods presently has an average rating of Buy and an average target price of $62.00.

US Foods Trading Down 0.3 %

Shares of NYSE USFD opened at $52.98 on Friday. The firm has a market capitalization of $13.03 billion, a PE ratio of 26.10, a PEG ratio of 0.87 and a beta of 1.60. US Foods has a one year low of $35.66 and a one year high of $55.98. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $53.00 and a two-hundred day moving average price of $50.38.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. As a group, analysts predict 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.