Ferguson Enterprises Readies for Earnings; Analyst Insights Inside

Ferguson Enterprises Earnings Announcement
Ferguson Enterprises Inc. (NYSE: FERG) is gearing up to share its earnings results for the fourth quarter. This highly anticipated report will occur before the market opens on a Tuesday soon.
Quarterly Earnings Expectations
The analysts have set optimistic expectations for this earnings report. It is expected that Ferguson will report earnings of $3.01 per share. This is an increase from the $2.98 reported in the same quarter last year, indicating a positive trend for the company.
Projected Revenue Growth
Ferguson Enterprises is projected to report impressive quarterly revenue of $8.39 billion, surpassing last year's $7.95 billion. This solid revenue growth demonstrates the company's ongoing resilience and effectiveness in the market.
Dividend Declaration
In additional news, Ferguson's board of directors recently declared a dividend of 83 cents per share on September 11. This move highlights the company’s commitment to returning value to its shareholders.
Stock Performance Overview
Shares of Ferguson Enterprises rose by 0.7% to close at $225.72. This slight increase in stock price reflects the market's positive sentiment heading into the earnings announcement. Investors are keenly observing the overall market reactions as they await the results.
Analyst Ratings and Price Target Adjustments
Several analysts have shared their recent evaluations of Ferguson Enterprises:
- Wells Fargo analyst Sam Reid holds an Overweight rating and has upped the price target from $230 to $250.
- Morgan Stanley's Annelies Vermeulen also maintains an Overweight rating while increasing the price target from $195 to $220.
- Truist Securities analyst Keith Hughes retained a Buy rating with growing confidence in the stock.
- Oppenheimer's Scott Schneeberger has maintained an Outperform rating, raising the target from $189 to $235.
- RBC Capital’s Mike Dahl also kept an Outperform rating, increasing the price target from $189 to $231.
Considerations for Investors
The recent updates from analysts suggest a positive outlook for FERG stock. Investors considering buying should keep an eye on these insights and evaluate them against their own strategies.
Frequently Asked Questions
1. When will Ferguson Enterprises release its earnings report?
The earnings report is expected to be released before the market opens on a Tuesday in the near future.
2. What are the expected earnings per share for Ferguson?
The anticipated earnings per share are $3.01, which is an increase from last year's $2.98.
3. How much revenue is Ferguson projected to generate?
Ferguson is projected to generate $8.39 billion in revenue for the quarter.
4. What is the company's dividend amount?
The board of directors declared a dividend of 83 cents per share.
5. What have analysts said about Ferguson's stock?
Analysts have generally maintained positive ratings with upgraded price targets, indicating a favorable outlook for FERG stock.
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