Performance Food Group Company (PFGC) Set to Announce Quarterly Earnings on Wednesday
Performance Food Group Company (NYSE:PFGC) will issue its quarterly earnings data before the market opens on Wednesday, August 16th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.11 billion. Performance Food Group had a net margin of 0.51% and a return on equity of 13.92%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. On average, analysts expect Performance Food Group to post $1.26 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Shares of Performance Food Group Company (NYSE:PFGC) opened at 27.70 on Wednesday. Performance Food Group Company has a 52-week low of $19.95 and a 52-week high of $29.25. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 33.25 and a beta of -0.31. The company’s 50 day moving average is $27.81 and its 200 day moving average is $25.45.
In other Performance Food Group news, insider George L. Holm sold 102,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $28.23, for a total value of $2,885,106.00. Following the completion of the transaction, the insider now owns 2,040,936 shares of the company’s stock, valued at approximately $57,615,623.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James D. Hope purchased 2,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was bought at an average cost of $27.85 per share, with a total value of $55,700.00. Following the purchase, the insider now owns 66,657 shares in the company, valued at $1,856,397.45. The disclosure for this purchase can be found here. In the last three months, insiders sold 13,810,265 shares of company stock valued at $378,625,068. Corporate insiders own 3.50% of the company’s stock.
A number of research firms recently weighed in on PFGC. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, June 14th. BMO Capital Markets set a $30.00 target price on shares of Performance Food Group and gave the stock a “buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Performance Food Group in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating on shares of Performance Food Group in a report on Tuesday, May 16th. Finally, Guggenheim reaffirmed a “buy” rating and set a $26.80 target price on shares of Performance Food Group in a report on Tuesday, June 27th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $28.31.
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About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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