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

US Foods (NYSE:USFD - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.050-3.150 for the period, compared to the consensus EPS estimate of 3.080. The company issued revenue guidance of $37.7 billion-$38.0 billion, compared to the consensus revenue estimate of $37.8 billion.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on USFD. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $66.82.

US Foods Trading Up 1.1 %

Shares of NYSE USFD traded up $0.74 during trading hours on Thursday, reaching $66.54. The stock had a trading volume of 2,884,860 shares, compared to its average volume of 1,807,216. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 31.69, a P/E/G ratio of 1.02 and a beta of 1.66. The business's fifty day moving average price is $61.07 and its two-hundred day moving average price is $56.09. US Foods has a 52-week low of $40.23 and a 52-week high of $67.23.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. US Foods's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 earnings per share. Analysts expect that US Foods will post 2.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

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.