Performance Food Group Company (PFGC) Scheduled to Post Quarterly Earnings on Wednesday
Performance Food Group Company (NYSE:PFGC) is set to issue its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.02). Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts expect Performance Food Group to post $1.43 EPS for the current fiscal year and $1.65 EPS for the next fiscal year.
Performance Food Group Company (NYSE PFGC) opened at 28.30 on Wednesday. Performance Food Group Company has a 12 month low of $19.95 and a 12 month high of $29.90. The firm’s 50 day moving average price is $28.31 and its 200 day moving average price is $27.56. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 30.43 and a beta of -0.27.
In related news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $28.25, for a total transaction of $141,250,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Hope acquired 3,575 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average cost of $26.99 per share, with a total value of $96,489.25. Following the transaction, the insider now directly owns 65,480 shares in the company, valued at approximately $1,767,305.20. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.
PFGC has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BMO Capital Markets set a $30.00 price target on shares of Performance Food Group and gave the stock a “buy” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Performance Food Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Wells Fargo & Company restated a “buy” rating on shares of Performance Food Group in a report on Tuesday, August 8th. Finally, Royal Bank Of Canada set a $27.00 price target on shares of Performance Food Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.30.
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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