Ferguson (FERG) Set to Announce Quarterly Earnings on Tuesday

Ferguson (NASDAQ:FERG) is scheduled to announce its earnings results before the market opens on Tuesday, December 10th. Analysts expect the company to announce earnings of $2.60 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Ferguson (NASDAQ:FERG) last released its earnings results on Tuesday, September 17th. The company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.12. The firm had revenue of $7.95 billion for 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%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 Price Performance

Ferguson stock opened at $214.10 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.00 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $42.98 billion, a P/E ratio of 25.09, a PEG ratio of 2.10 and a beta of 1.21. The business has a 50-day moving average of $201.96 and a 200-day moving average of $202.40. Ferguson has a 1 year low of $167.09 and a 1 year high of $225.63.

Ferguson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, September 27th were issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Ferguson’s dividend payout ratio is currently 37.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FERG. Barclays lifted their price target on shares of Ferguson from $229.00 to $245.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Robert W. Baird lifted their target price on Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Oppenheimer started coverage on Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 price target for the company. UBS Group lifted their price objective on Ferguson from $228.00 to $236.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company increased their target price on Ferguson from $225.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $233.38.

Insider Buying and Selling

In related news, CMO Victoria Morrissey sold 1,468 shares of Ferguson stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $201.20, for a total value of $295,361.60. Following the sale, the chief marketing officer now owns 5,205 shares of the company’s stock, valued at approximately $1,047,246. The trade was a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael Jacobs sold 2,624 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $200.96, for a total value of $527,319.04. Following the transaction, the vice president now directly owns 1,116 shares of the company’s stock, valued at $224,271.36. This trade represents a 70.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,313 shares of company stock worth $2,477,901. 0.16% of the stock is owned by corporate insiders.

Ferguson Company Profile

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.