Performance Food Group (PFGC) Scheduled to Post Earnings on Wednesday

Performance Food Group (NYSE:PFGC) is set to release its earnings data before the market opens on Wednesday, February 7th. Analysts expect Performance Food Group to post earnings of $0.37 per share for the quarter. Performance Food Group has set its FY18 guidance at $1.40-1.46 EPS.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.37 billion. Performance Food Group had a return on equity of 15.02% and a net margin of 0.62%. Performance Food Group’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, analysts expect Performance Food Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Performance Food Group (NYSE PFGC) opened at $34.35 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. The company has a market capitalization of $3,590.00 and a price-to-earnings ratio of 33.35. Performance Food Group has a 12 month low of $21.70 and a 12 month high of $35.25.

A number of brokerages recently commented on PFGC. TheStreet upgraded Performance Food Group from a “c” rating to a “b-” rating in a research note on Friday, December 29th. Guggenheim reiterated a “buy” rating and set a $39.00 price objective on shares of Performance Food Group in a research note on Sunday. BMO Capital Markets reiterated a “buy” rating and set a $33.00 price objective on shares of Performance Food Group in a research note on Wednesday, January 24th. BidaskClub lowered Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Loop Capital set a $35.00 price objective on Performance Food Group and gave the stock a “buy” rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.00.

In other news, Director William F. Dawson, Jr. sold 5,000,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $28.03, for a total transaction of $140,150,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Howard Hoskins sold 4,450 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $27.81, for a total value of $123,754.50. Following the sale, the insider now owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. Insiders have sold 11,277,364 shares of company stock valued at $326,453,842 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Performance Food Group (PFGC) Scheduled to Post Earnings on Wednesday” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/01/31/performance-food-group-pfgc-scheduled-to-post-earnings-on-wednesday.html.

Performance Food Group Company Profile

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.

Earnings History for Performance Food Group (NYSE:PFGC)

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

Leave a Reply