Performance Food Group (NYSE:PFGC) Expected to Post Earnings of $0.51 Per Share

Wall Street brokerages expect that Performance Food Group (NYSE:PFGCGet Rating) will post $0.51 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Performance Food Group’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.44. Performance Food Group posted earnings of $0.19 per share during the same quarter last year, which indicates a positive year over year growth rate of 168.4%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Performance Food Group will report full-year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.69. For the next financial year, analysts expect that the firm will post earnings of $3.33 per share, with EPS estimates ranging from $3.10 to $3.54. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Performance Food Group.

Performance Food Group (NYSE:PFGCGet Rating) last announced its earnings results on Wednesday, February 9th. The food distribution company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.10. Performance Food Group had a return on equity of 9.61% and a net margin of 0.09%. The firm had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.85 billion. During the same quarter in the prior year, the company earned $0.35 EPS.

Several brokerages have issued reports on PFGC. Truist Financial initiated coverage on shares of Performance Food Group in a report on Tuesday, February 1st. They issued a “buy” rating and a $61.00 price target on the stock. StockNews.com initiated coverage on shares of Performance Food Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. CL King started coverage on shares of Performance Food Group in a research note on Friday, March 11th. They set a “buy” rating and a $60.00 price target for the company. Deutsche Bank Aktiengesellschaft started coverage on Performance Food Group in a research note on Thursday, March 17th. They issued a “buy” rating and a $62.00 price objective on the stock. Finally, Morgan Stanley raised their target price on Performance Food Group from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, February 10th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Performance Food Group presently has a consensus rating of “Buy” and an average target price of $62.44.

Shares of NYSE PFGC opened at $51.46 on Thursday. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 205.84, a PEG ratio of 1.27 and a beta of 1.45. Performance Food Group has a one year low of $38.82 and a one year high of $58.13. The business has a fifty day simple moving average of $51.14 and a 200 day simple moving average of $47.92. The company has a current ratio of 1.62, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34.

In other Performance Food Group news, insider Christine R. Vlahcevic sold 3,983 shares of the stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $50.90, for a total transaction of $202,734.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $25,530.00. Following the sale, the insider now directly owns 148,325 shares in the company, valued at approximately $7,573,474.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,983 shares of company stock valued at $781,705 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its holdings in Performance Food Group by 21.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 10,532 shares of the food distribution company’s stock worth $529,000 after acquiring an additional 1,853 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Performance Food Group by 0.5% in the 1st quarter. State of Michigan Retirement System now owns 39,303 shares of the food distribution company’s stock valued at $2,001,000 after purchasing an additional 203 shares during the last quarter. Prospera Financial Services Inc bought a new position in shares of Performance Food Group in the 1st quarter valued at about $243,000. Benjamin Edwards Inc. boosted its stake in shares of Performance Food Group by 46.2% in the 1st quarter. Benjamin Edwards Inc. now owns 9,246 shares of the food distribution company’s stock valued at $471,000 after purchasing an additional 2,922 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Performance Food Group by 22.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 138,279 shares of the food distribution company’s stock valued at $7,040,000 after purchasing an additional 25,382 shares during the last quarter.

About Performance Food Group (Get Rating)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

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