Ferguson plc (FERG) to Issue Quarterly Dividend of $0.83 on May 6th

Ferguson plc (NASDAQ:FERG) declared a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Friday, March 21st will be paid a dividend of 0.83 per share on Tuesday, May 6th. This represents a $3.32 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Friday, March 21st.

Ferguson has a dividend payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ferguson to earn $10.62 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 29.8%.

Ferguson Stock Performance

Shares of Ferguson stock opened at $162.62 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $32.52 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.69 and a beta of 1.28. The business has a fifty day simple moving average of $175.48 and a two-hundred day simple moving average of $189.40. Ferguson has a 12 month low of $152.52 and a 12 month high of $225.63.

Ferguson (NASDAQ:FERG) last announced its quarterly earnings data on Tuesday, March 11th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.58 by ($0.06). The firm had revenue of $6.87 billion for the quarter, compared to analysts’ expectations of $6.76 billion. Ferguson had a net margin of 5.68% and a return on equity of 34.63%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 EPS. On average, equities analysts forecast that Ferguson will post 9.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FERG. Wolfe Research began coverage on Ferguson in a research report on Monday. They issued a “peer perform” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Ferguson in a research report on Tuesday. Barclays reduced their price objective on Ferguson from $211.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. Citigroup reduced their price objective on Ferguson from $189.00 to $168.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, Oppenheimer reduced their price objective on Ferguson from $234.00 to $189.00 and set an “outperform” rating for the company in a report on Wednesday, March 12th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $201.64.

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.