US Foods (NYSE:USFD - Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.05-3.15 for the period, compared to the consensus earnings per share 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.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on USFD shares. JPMorgan Chase & Co. raised their price target on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Melius Research raised US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Jefferies Financial Group boosted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Truist Financial raised their price target on shares of US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $67.08.
Check Out Our Latest Stock Report on USFD
US Foods Price Performance
Shares of NYSE USFD traded down $1.02 during trading on Monday, reaching $66.33. The company had a trading volume of 1,639,671 shares, compared to its average volume of 1,408,481. US Foods has a 52 week low of $44.81 and a 52 week high of $72.84. The business's 50 day moving average price is $68.05 and its 200-day moving average price is $61.12. The stock has a market cap of $15.45 billion, a PE ratio of 28.47, a PEG ratio of 1.15 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.
US Foods Company Profile
(
Get Free Report)
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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