US Foods (NYSE:USFD - Get Free Report) 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 Analyst Weigh In
Several equities research analysts have issued reports on USFD shares. Barclays lifted their price target on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Melius started coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective for the company. Piper Sandler lifted their target price 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. Finally, Melius Research upgraded US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $67.08.
Check Out Our Latest Stock Report on US Foods
US Foods Trading Down 1.5 %
USFD stock traded down $1.02 during trading on Monday, reaching $66.33. The company had a trading volume of 1,639,674 shares, compared to its average volume of 1,415,182. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods has a 52 week low of $44.81 and a 52 week high of $72.84. The business has a 50 day moving average of $68.05 and a 200 day moving average of $61.12. The company has a market cap of $15.45 billion, a P/E ratio of 28.47, a PEG ratio of 1.15 and a beta of 1.67.
US Foods Company Profile
(
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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.
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