William Blair Equities Analysts Cut Earnings Estimates for Ferguson plc (NASDAQ:FERG)

Ferguson plc (NASDAQ:FERGFree Report) – Equities researchers at William Blair reduced their FY2024 EPS estimates for Ferguson in a research report issued on Tuesday, June 4th. William Blair analyst R. Merkel now forecasts that the company will post earnings of $9.68 per share for the year, down from their prior forecast of $9.77. The consensus estimate for Ferguson’s current full-year earnings is $9.64 per share. William Blair also issued estimates for Ferguson’s Q4 2024 earnings at $2.96 EPS, Q1 2025 earnings at $3.07 EPS, Q3 2025 earnings at $2.65 EPS, FY2025 earnings at $11.11 EPS and FY2026 earnings at $12.57 EPS.

Ferguson (NASDAQ:FERGGet Free Report) last released its quarterly earnings results on Tuesday, March 5th. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.08). Ferguson had a return on equity of 37.99% and a net margin of 6.00%. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter in the prior year, the business earned $1.91 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year.

Ferguson Price Performance

FERG stock opened at $196.86 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $39.93 billion, a P/E ratio of 21.67, a PEG ratio of 8.48 and a beta of 1.23. The business has a 50 day simple moving average of $213.93 and a 200-day simple moving average of $199.93. Ferguson has a twelve month low of $143.88 and a twelve month high of $224.86.

Institutional Trading of Ferguson

A number of large investors have recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new stake in shares of Ferguson during the fourth quarter worth about $25,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Ferguson during the 4th quarter worth approximately $29,000. Venturi Wealth Management LLC grew its stake in shares of Ferguson by 60.0% in the 1st quarter. Venturi Wealth Management LLC now owns 136 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Ferguson in the fourth quarter valued at approximately $31,000. Finally, Private Trust Co. NA raised its stake in shares of Ferguson by 146.1% during the fourth quarter. Private Trust Co. NA now owns 187 shares of the company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.

About Ferguson

(Get Free Report)

Ferguson plc distributes plumbing and heating products in the United States and Canada. It offers plumbing and heating solutions to customers in the residential, commercial, civil/infrastructure, and industrial end markets. The company also provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, fabrication, and others, as well as heating, ventilation, and air conditioning products under the Ferguson brand name.

Further Reading

Earnings History and Estimates for Ferguson (NASDAQ:FERG)

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