Ferguson (NASDAQ:FERG) Posts Earnings Results, Misses Estimates By $0.06 EPS

Ferguson (NASDAQ:FERG) posted its quarterly earnings data on Tuesday. The company reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.06), Briefing.com reports. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.76 billion. Ferguson’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 EPS.

Ferguson Stock Down 4.8 %

Shares of FERG opened at $157.54 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $176.90 and a two-hundred day moving average price of $191.11. The stock has a market cap of $31.50 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 1.69 and a beta of 1.28. Ferguson has a 12 month low of $154.09 and a 12 month high of $225.63.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FERG. Wells Fargo & Company dropped their price target on Ferguson from $215.00 to $205.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Robert W. Baird cut their target price on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and issued a $219.00 price target on shares of Ferguson in a research report on Wednesday, December 11th. UBS Group reaffirmed a “neutral” rating and set a $193.00 price objective (down previously from $230.00) on shares of Ferguson in a research report on Wednesday, January 8th. Finally, Zelman & Associates cut shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.73.

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.