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

Ferguson (NASDAQ:FERG) posted its earnings results on Tuesday. The company reported $1.52 earnings per share (EPS) 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. During the same period last year, the business earned $1.74 EPS. Ferguson’s revenue was up 3.0% compared to the same quarter last year.

Ferguson Price Performance

FERG stock opened at $165.71 on Tuesday. The business’s 50-day moving average is $177.22 and its two-hundred day moving average is $191.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 0.91. The firm has a market capitalization of $33.13 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.69 and a beta of 1.28. Ferguson has a 1 year low of $163.01 and a 1 year high of $225.63.

Wall Street Analyst Weigh In

FERG has been the topic of several research analyst reports. Barclays reduced their price objective on shares of Ferguson from $234.00 to $211.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Zelman & Associates downgraded shares of Ferguson from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $219.00 price objective on shares of Ferguson in a research report on Wednesday, December 11th. Morgan Stanley initiated coverage on Ferguson in a research report on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price on the stock. Finally, Robert W. Baird lowered their price target on Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Ferguson currently has a consensus rating of “Moderate Buy” and an average target price 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.