Ferguson Plc (OTCMKTS:FERGY) Expected to Post FY2019 Earnings of $0.48 Per Share

Ferguson Plc (OTCMKTS:FERGY) – Stock analysts at Jefferies Financial Group lowered their FY2019 EPS estimates for shares of Ferguson in a report issued on Thursday, June 13th. Jefferies Financial Group analyst P. Mulji now expects that the company will post earnings of $0.48 per share for the year, down from their prior estimate of $0.53. Jefferies Financial Group also issued estimates for Ferguson’s FY2020 earnings at $0.50 EPS.

Several other analysts have also recently issued reports on FERGY. Zacks Investment Research upgraded Ferguson from a “sell” rating to a “hold” rating in a report on Tuesday, May 28th. Berenberg Bank cut Ferguson from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded Ferguson from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Credit Suisse Group cut Ferguson from a “neutral” rating to an “underperform” rating in a report on Friday, May 17th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Ferguson in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $7.75.

Shares of OTCMKTS:FERGY opened at $7.07 on Friday. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.15 and a beta of 1.05. Ferguson has a 52-week low of $5.95 and a 52-week high of $8.67.

About Ferguson

Ferguson plc distributes plumbing and heating products in the United States, the United Kingdom, Canada, and Central Europe. It offers plumbing and heating solutions to customers in the residential, municipal, civil and industrial markets, and commercial sectors for repair, maintenance, and improvement (RMI), as well as new construction markets.

Read More: Coverage Ratio

Receive News & Ratings for Ferguson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferguson and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply