Performance Food Group (NYSE:PFGC – Get Rating) will be announcing its earnings results before the market opens on Wednesday, August 17th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
Performance Food Group (NYSE:PFGC – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The food distribution company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $13.08 billion during the quarter, compared to the consensus estimate of $13.11 billion. Performance Food Group had a return on equity of 10.51% and a net margin of 0.15%. During the same quarter in the previous year, the business earned $0.19 earnings per share. On average, analysts expect Performance Food Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Performance Food Group Price Performance
Shares of NYSE:PFGC opened at $49.15 on Wednesday. The company has a market cap of $7.61 billion, a P/E ratio of 106.85 and a beta of 1.31. The company has a quick ratio of 0.71, a current ratio of 1.59 and a debt-to-equity ratio of 1.27. Performance Food Group has a 52 week low of $38.23 and a 52 week high of $58.13. The business has a fifty day simple moving average of $46.53 and a 200-day simple moving average of $48.09.
Analyst Upgrades and Downgrades
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A number of brokerages have recently commented on PFGC. Barclays lifted their price objective on Performance Food Group from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, June 30th. Berenberg Bank began coverage on Performance Food Group in a research report on Wednesday, May 18th. They issued a “buy” rating and a $71.00 price objective for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Performance Food Group from $62.00 to $58.00 in a research report on Friday, May 13th. Finally, Truist Financial reduced their target price on Performance Food Group from $65.00 to $62.00 in a report on Thursday, June 30th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus target price of $63.13.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PFGC. American Century Companies Inc. lifted its stake in shares of Performance Food Group by 11.8% during the first quarter. American Century Companies Inc. now owns 29,041 shares of the food distribution company’s stock worth $1,479,000 after purchasing an additional 3,064 shares in the last quarter. US Bancorp DE lifted its stake in shares of Performance Food Group by 8.1% during the first quarter. US Bancorp DE now owns 4,602 shares of the food distribution company’s stock worth $234,000 after purchasing an additional 343 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Performance Food Group during the first quarter worth about $71,000. PNC Financial Services Group Inc. lifted its stake in shares of Performance Food Group by 33.0% during the first quarter. PNC Financial Services Group Inc. now owns 14,458 shares of the food distribution company’s stock worth $737,000 after purchasing an additional 3,588 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Performance Food Group by 8.7% during the first quarter. Great West Life Assurance Co. Can now owns 86,254 shares of the food distribution company’s stock worth $4,516,000 after purchasing an additional 6,905 shares in the last quarter.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.
See Also
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