Performance Food Group (NYSE:PFGC) Expected to Announce Earnings of $1.03 Per Share

Analysts expect Performance Food Group (NYSE:PFGCGet Rating) to report $1.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Performance Food Group’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $0.99. Performance Food Group posted earnings of $0.56 per share during the same quarter last year, which suggests a positive year over year growth rate of 83.9%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Performance Food Group will report full-year earnings of $2.57 per share for the current year, with EPS estimates ranging from $2.50 to $2.62. For the next financial year, analysts anticipate that the firm will report earnings of $3.29 per share, with EPS estimates ranging from $3.10 to $3.43. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Performance Food Group.

Performance Food Group (NYSE:PFGCGet Rating) last released its earnings results on Wednesday, May 11th. The food distribution company reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Performance Food Group had a return on equity of 10.51% and a net margin of 0.15%. During the same quarter in the previous year, the firm posted $0.19 EPS.

PFGC has been the topic of several research analyst reports. Truist Financial initiated coverage on Performance Food Group in a research note on Tuesday, February 1st. They set a “buy” rating and a $61.00 target price on the stock. Zacks Investment Research cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 14th. Morgan Stanley boosted their price target on Performance Food Group from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, February 10th. CL King assumed coverage on Performance Food Group in a research note on Friday, March 11th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Performance Food Group from $62.00 to $58.00 in a research note on Friday, May 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $62.90.

NYSE:PFGC traded up $2.04 on Wednesday, hitting $40.91. 1,374,061 shares of the company’s stock traded hands, compared to its average volume of 1,542,439. The company has a current ratio of 1.59, a quick ratio of 0.71 and a debt-to-equity ratio of 1.27. Performance Food Group has a 1 year low of $38.23 and a 1 year high of $58.13. The firm has a 50-day moving average price of $49.09 and a 200-day moving average price of $47.60. The company has a market cap of $6.33 billion, a PE ratio of 88.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45.

In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $25,530.00. Following the completion of the sale, the insider now owns 148,325 shares of the company’s stock, valued at $7,573,474.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of PFGC. Morgan Stanley lifted its holdings in shares of Performance Food Group by 15.5% during the second quarter. Morgan Stanley now owns 270,215 shares of the food distribution company’s stock worth $13,103,000 after buying an additional 36,195 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Performance Food Group by 8.6% in the third quarter. Advisor Group Holdings Inc. now owns 8,178 shares of the food distribution company’s stock valued at $379,000 after purchasing an additional 651 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Performance Food Group by 73.9% in the third quarter. Alliancebernstein L.P. now owns 349,713 shares of the food distribution company’s stock valued at $16,248,000 after purchasing an additional 148,559 shares in the last quarter. Citigroup Inc. raised its stake in shares of Performance Food Group by 40.7% in the third quarter. Citigroup Inc. now owns 28,269 shares of the food distribution company’s stock valued at $1,313,000 after purchasing an additional 8,172 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Performance Food Group by 792.9% in the third quarter. Allianz Asset Management GmbH now owns 63,130 shares of the food distribution company’s stock valued at $2,933,000 after purchasing an additional 56,060 shares in the last quarter.

Performance Food Group Company Profile (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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Earnings History and Estimates for Performance Food Group (NYSE:PFGC)

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