Ferguson (NASDAQ:FERG) Announces Quarterly Earnings Results

Ferguson (NASDAQ:FERGGet Free Report) released its quarterly earnings results on Tuesday. The company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05, Briefing.com reports. The firm had revenue of $7.31 billion for the quarter, compared to the consensus estimate of $7.32 billion. Ferguson had a return on equity of 37.53% and a net margin of 6.33%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 EPS. Ferguson updated its FY 2024 guidance to EPS.

Ferguson Price Performance

Ferguson stock opened at $201.45 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.97 and a current ratio of 1.80. Ferguson has a one year low of $143.88 and a one year high of $224.86. The company has a market cap of $40.86 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 8.22 and a beta of 1.23. The business has a fifty day moving average of $213.58 and a two-hundred day moving average of $199.94.

Ferguson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, June 14th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, June 14th. Ferguson’s dividend payout ratio is presently 34.54%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Ferguson from $217.00 to $211.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays lowered their target price on Ferguson from $236.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ferguson presently has an average rating of “Moderate Buy” and an average target price of $191.25.

Check Out Our Latest Analysis on FERG

Ferguson Company Profile

(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.

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Earnings History for Ferguson (NASDAQ:FERG)

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