Equities research analysts forecast that Performance Food Group (NYSE:PFGC) will report earnings of $0.33 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Performance Food Group’s earnings, with estimates ranging from $0.31 to $0.34. Performance Food Group reported earnings of $0.27 per share in the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The business is scheduled to announce its next earnings results before the market opens on Wednesday, May 9th.
According to Zacks, analysts expect that Performance Food Group will report full year earnings of $1.60 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.60. For the next financial year, analysts forecast that the business will report earnings of $1.98 per share, with EPS estimates ranging from $1.94 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Performance Food Group.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. Performance Food Group’s quarterly revenue was up 6.4% on a year-over-year basis.
A number of research analysts recently weighed in on PFGC shares. TheStreet raised Performance Food Group from a “c” rating to a “b-” rating in a report on Friday, December 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $33.00 price objective on shares of Performance Food Group in a report on Wednesday, January 24th. Guggenheim reaffirmed a “buy” rating and set a $39.00 price objective on shares of Performance Food Group in a report on Sunday, January 28th. Loop Capital upped their price objective on Performance Food Group to $40.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 price objective on shares of Performance Food Group in a report on Tuesday, February 6th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Performance Food Group currently has an average rating of “Buy” and an average price target of $34.22.
In other Performance Food Group news, insider Craig Howard Hoskins sold 12,533 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.49, for a total transaction of $382,131.17. Following the sale, the insider now directly owns 149,744 shares in the company, valued at $4,565,694.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Performance Food Group by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock valued at $165,000 after acquiring an additional 1,478 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $103,000. The Manufacturers Life Insurance Company lifted its position in shares of Performance Food Group by 5.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 68,205 shares of the restaurant operator’s stock valued at $2,258,000 after acquiring an additional 3,712 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at $136,000. Finally, American International Group Inc. lifted its position in shares of Performance Food Group by 7.8% in the fourth quarter. American International Group Inc. now owns 60,902 shares of the restaurant operator’s stock valued at $2,016,000 after acquiring an additional 4,406 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
PFGC stock traded down $0.50 on Thursday, reaching $31.20. 317,913 shares of the company’s stock were exchanged, compared to its average volume of 624,603. Performance Food Group has a twelve month low of $23.90 and a twelve month high of $35.25. The firm has a market capitalization of $3,244.82, a PE ratio of 21.97, a P/E/G ratio of 0.93 and a beta of 0.32. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.67 and a quick ratio of 0.86.
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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.
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