Performance Food Group (NYSE:PFGC) Posts Earnings Results, Misses Expectations By $0.03 EPS

Performance Food Group (NYSE:PFGC) posted its quarterly earnings data on Wednesday. The food distribution company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.03), Briefing.com reports. The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.10 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 earnings per share. Performance Food Group updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Performance Food Group Stock Performance

Shares of PFGC stock traded up $0.13 on Friday, hitting $71.12. The company’s stock had a trading volume of 304,723 shares, compared to its average volume of 978,294. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. The company has a market capitalization of $11.07 billion, a PE ratio of 25.97, a PEG ratio of 0.95 and a beta of 1.40. The stock’s 50 day moving average is $72.46 and its 200-day moving average is $69.26. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PFGC shares. BMO Capital Markets increased their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Barclays lowered their price target on Performance Food Group from $86.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Stephens boosted their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley upped their target price on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.