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

Performance Food Group (NYSE:PFGC) is set to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Performance Food Group to post earnings of $0.83 per share for the quarter. Performance Food Group has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $14.30 billion during the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 EPS. On average, analysts expect Performance Food Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Performance Food Group Trading Up 1.1 %

Shares of PFGC opened at $69.21 on Monday. Performance Food Group has a twelve month low of $52.92 and a twelve month high of $78.54. The firm has a market capitalization of $10.77 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 0.95 and a beta of 1.40. The company has a current ratio of 1.71, a quick ratio of 0.75 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $72.99 and its 200 day simple moving average is $69.05.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PFGC shares. Barclays raised their price target on shares of Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley boosted their price target on Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. BMO Capital Markets raised their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Stephens upped their target price on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, StockNews.com raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.