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

Ferguson (NASDAQ:FERG) posted its quarterly earnings results 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. The company had revenue of $6.87 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Ferguson had a return on equity of 34.63% and a net margin of 5.68%. The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 EPS.

Ferguson Price Performance

Shares of FERG opened at $165.71 on Tuesday. The firm has a fifty day simple moving average of $177.22 and a two-hundred day simple moving average of $191.51. The firm has a market cap of $33.13 billion, a PE ratio of 19.89, a P/E/G ratio of 1.69 and a beta of 1.28. The company has a current ratio of 1.68, a quick ratio of 0.91 and a debt-to-equity ratio of 0.83. Ferguson has a 1-year low of $163.01 and a 1-year high of $225.63.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley initiated coverage on Ferguson in a research note on Monday, February 3rd. They issued an “overweight” rating and a $204.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $219.00 price objective on shares of Ferguson in a research note on Wednesday, December 11th. Barclays decreased their target price on shares of Ferguson from $234.00 to $211.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Bank of America upgraded shares of Ferguson from an “underperform” rating to a “buy” rating and increased their price target for the company from $185.00 to $225.00 in a report on Wednesday, January 8th. Finally, Robert W. Baird decreased their price objective on shares of Ferguson from $230.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Ferguson has a consensus rating of “Moderate Buy” and an average price target of $217.73.

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.