Ferguson (FERG) Set to Announce Earnings on Tuesday

Ferguson (NASDAQ:FERG) will be issuing its quarterly earnings data before the market opens on Tuesday, December 10th. Analysts expect the company to announce earnings of $2.60 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.12. The firm had revenue of $7.95 billion during the quarter, compared to analyst estimates of $8.01 billion. Ferguson had a return on equity of 36.53% and a net margin of 5.85%. Ferguson’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 earnings per share. On average, analysts expect Ferguson to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Ferguson Stock Up 0.8 %

Shares of NASDAQ FERG opened at $216.93 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.00 and a current ratio of 1.80. The firm has a market capitalization of $43.55 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 2.11 and a beta of 1.21. The stock has a 50 day moving average price of $203.67 and a 200 day moving average price of $202.63. Ferguson has a 52-week low of $175.42 and a 52-week high of $225.63.

Ferguson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were issued a $0.79 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 1.46%. Ferguson’s payout ratio is 37.05%.

Wall Street Analysts Forecast Growth

FERG has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on Ferguson from $225.00 to $232.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on shares of Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. UBS Group upped their price target on shares of Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Citigroup upped their price target on shares of Ferguson from $203.00 to $221.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.38.

Insider Buying and Selling

In other news, SVP Garland Williams sold 1,118 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $201.22, for a total transaction of $224,963.96. Following the completion of the sale, the senior vice president now owns 1,882 shares in the company, valued at $378,696.04. This trade represents a 37.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michael Jacobs sold 2,624 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $200.96, for a total transaction of $527,319.04. Following the sale, the vice president now owns 1,116 shares of the company’s stock, valued at $224,271.36. This represents a 70.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,313 shares of company stock worth $2,477,901 in the last 90 days. Insiders own 0.16% of the company’s stock.

About Ferguson

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.