US Foods (NYSE:USFD – Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.000-3.200 for the period, compared to the consensus earnings per share 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.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. BMO Capital Markets reaffirmed an outperform rating and set a $62.00 price target (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. JPMorgan Chase & Co. lifted their price target on US Foods from $52.00 to $58.00 and gave the company a neutral rating in a research report on Monday, June 3rd. BTIG Research upped their price objective on US Foods from $52.00 to $62.00 and gave the stock a buy rating in a research report on Tuesday, March 19th. Morgan Stanley lifted their target price on shares of US Foods from $62.00 to $64.00 and gave the company an overweight rating in a report on Friday, May 10th. Finally, Truist Financial boosted 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. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $62.00.
View Our Latest Stock Report on US Foods
US Foods Price Performance
US Foods (NYSE:USFD – Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). US Foods had a net margin of 1.41% and a return on equity of 13.08%. The company had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.93 billion. As a group, equities research analysts anticipate 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.
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