Performance Food Group (PFGC) Set to Announce Quarterly Earnings on Wednesday

Performance Food Group (NYSE:PFGC - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Performance Food Group to post earnings of $0.83 per share for the quarter. Performance Food Group has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. Performance Food Group's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. On average, analysts expect Performance Food Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Performance Food Group Stock Up 0.8 %

Shares of PFGC traded up $0.55 during trading hours on Wednesday, hitting $68.43. The company had a trading volume of 1,385,835 shares, compared to its average volume of 938,835. The firm has a fifty day moving average price of $73.25 and a 200-day moving average price of $68.78. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 0.94 and a beta of 1.38. Performance Food Group has a 52-week low of $52.92 and a 52-week high of $78.54.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. BMO Capital Markets boosted their target price on Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. StockNews.com raised Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. Stephens boosted their target price on Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. Finally, Morgan Stanley boosted their target price on Performance Food Group from $78.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $81.25.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.