US Foods (NYSE:USFD) Releases FY24 Earnings Guidance

US Foods (NYSE:USFD) updated its FY24 earnings guidance on Monday. 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.

US Foods Stock Performance

US Foods stock opened at $67.49 on Monday. The firm has a fifty day simple moving average of $68.05 and a two-hundred day simple moving average of $61.12. US Foods has a twelve month low of $44.81 and a twelve month high of $72.84. The company has a market capitalization of $15.72 billion, a PE ratio of 28.97, a P/E/G ratio of 1.15 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Analyst Ratings Changes

Several equities analysts recently issued reports on USFD shares. Truist Financial raised their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays raised their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group raised their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Melius began coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $67.08.

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.