$0.63 Earnings Per Share Expected for Performance Food Group Co (PFGC) This Quarter

Equities research analysts expect Performance Food Group Co (NYSE:PFGC) to report $0.63 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Performance Food Group’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.63. Performance Food Group reported earnings per share of $0.53 during the same quarter last year, which suggests a positive year over year growth rate of 18.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 21st.

According to Zacks, analysts expect that Performance Food Group will report full year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.79. For the next year, analysts expect that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.99 to $2.06. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Performance Food Group.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 8th. The food distribution company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). Performance Food Group had a return on equity of 14.91% and a net margin of 0.91%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same period last year, the business earned $0.34 EPS. The firm’s revenue was up 7.8% on a year-over-year basis.

A number of analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Performance Food Group in a report on Wednesday, April 17th. They issued a “buy” rating and a $45.00 price objective on the stock. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, May 7th. Pivotal Research reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Performance Food Group in a report on Thursday, February 7th. Finally, ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 7th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Performance Food Group has an average rating of “Buy” and a consensus target price of $40.00.

In other Performance Food Group news, insider Patrick T. Hagerty sold 7,450 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $40.85, for a total transaction of $304,332.50. Following the transaction, the insider now owns 169,006 shares of the company’s stock, valued at approximately $6,903,895.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Patrick T. Hagerty sold 7,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $39.71, for a total transaction of $277,970.00. Following the transaction, the insider now owns 169,456 shares of the company’s stock, valued at approximately $6,729,097.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,609 shares of company stock worth $1,026,605. 3.80% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Performance Food Group by 75.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 700 shares of the food distribution company’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Performance Food Group by 19.8% during the 4th quarter. Advisor Group Inc. now owns 1,834 shares of the food distribution company’s stock valued at $59,000 after purchasing an additional 303 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Performance Food Group by 5.6% during the 1st quarter. Quantinno Capital Management LP now owns 8,044 shares of the food distribution company’s stock valued at $319,000 after purchasing an additional 424 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Performance Food Group by 8.2% during the 4th quarter. Brown Advisory Inc. now owns 7,237 shares of the food distribution company’s stock valued at $234,000 after purchasing an additional 546 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Performance Food Group by 9.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,872 shares of the food distribution company’s stock valued at $222,000 after purchasing an additional 576 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

Shares of PFGC stock traded up $0.49 during trading hours on Thursday, reaching $40.94. The stock had a trading volume of 434,700 shares, compared to its average volume of 631,623. The company has a quick ratio of 0.79, a current ratio of 1.45 and a debt-to-equity ratio of 0.95. Performance Food Group has a twelve month low of $28.05 and a twelve month high of $41.85. The stock has a market cap of $4.23 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.70.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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