Ferguson (NYSE:FERG) Announces Earnings Results, Beats Estimates By $0.48 EPS

Key Points

• Ferguson reported quarterly earnings of $3.48 EPS, surpassing analysts' estimates of $3.00 by $0.48.
• The company has a market capitalization of $42.27 billion and a return on equity of 34.02%.
• Recent analyst ratings show a mix, with Wall Street Zen upgrading it to a "buy" while Berenberg Bank downgraded it to a "hold."

Ferguson (NYSE:FERG - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $3.48 EPS for the quarter, beating analysts' consensus estimates of $3.00 by $0.48, Zacks reports. Ferguson had a return on equity of 34.02% and a net margin of 5.32%.

Ferguson Trading Up 1.3%

Shares of Ferguson stock opened at $214.37 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.64 and a quick ratio of 0.88. The business's 50 day moving average is $226.45. The firm has a market cap of $42.27 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.15. Ferguson has a twelve month low of $146.00 and a twelve month high of $243.40.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FERG shares. Wall Street Zen raised Ferguson from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Berenberg Bank downgraded Ferguson from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. Zacks Research raised Ferguson to a "hold" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised Ferguson to a "strong-buy" rating in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Ferguson Company Profile

Ferguson Enterprises Inc distributes plumbing and heating products in North America. The company provides expertise, solutions, and products, including infrastructure, plumbing, appliances, fire, and fabrication, as well as heating, ventilation, and air conditioning (HVAC) to residential and non-residential customers.

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