Ferguson (FERG) Scheduled to Post Earnings on Tuesday

Ferguson (NASDAQ:FERG) is set 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 that are interested in registering for the company’s earnings conference call can do so using this link.

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

Ferguson Trading Down 0.8 %

Shares of FERG stock opened at $214.10 on Tuesday. 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 fifty day moving average of $201.96 and a 200-day moving average of $202.40. Ferguson has a 52-week low of $167.09 and a 52-week high of $225.63. The stock has a market cap of $42.98 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.10 and a beta of 1.21.

Ferguson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, September 27th were paid 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 37.05%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FERG. Oppenheimer started coverage on Ferguson in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $234.00 target price for the company. Royal Bank of Canada lifted their price objective on Ferguson from $211.00 to $219.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Robert W. Baird upped their target price on shares of Ferguson from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price target on shares of Ferguson from $229.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company upped their price objective on shares of Ferguson from $225.00 to $232.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ferguson presently has an average rating of “Moderate Buy” and a consensus target price of $233.38.

Insiders Place Their Bets

In other Ferguson news, SVP Garland Williams sold 1,118 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $201.22, for a total transaction of $224,963.96. Following the transaction, the senior vice president now owns 1,882 shares of the company’s stock, valued at approximately $378,696.04. This represents a 37.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard Winckler sold 1,325 shares of Ferguson stock in a transaction on Monday, October 14th. The shares were sold at an average price of $201.75, for a total value of $267,318.75. Following the completion of the sale, the chief accounting officer now directly owns 1,000 shares of the company’s stock, valued at $201,750. This trade represents a 56.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,313 shares of company stock valued at $2,477,901 in the last 90 days. 0.16% of the stock is currently owned by insiders.

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.